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income and oecd - All News and Analysis

• United States

  - 2008-06-01

  The economy is facing strong headwinds, which are exerting a sizeable drag on activity. The financial crisis is resulting in a credit squeeze, declining house prices are putting pressure on household wealth and the sharp increase in commodity prices is eroding workers' disposable incomes. The response of macroeconomic policy will...

  Tags: financial, income, inflation, investment, OECD

• Germany

  - 2008-06-01

  Following weaker activity at the end of 2007, growth picked up strongly at the beginning of the current year. So far, there is little evidence of significant adverse effects on the real economy coming from the financial turmoil, the strong euro or high commodity prices. However, growth is expected to...

  Tags: FINANCE, financial, income, investment, OECD, Taxes

• Why do Europeans work less? It is taxes and government spending

  - 2008-04-01

  I. INTRODUCTION The reason why Europeans work less than Americans is the subject of intense discussion in recent literature. Prescott (2004), Cardia, Kozhaya, and Ruge-Murcia (2003), and Roeger and De Fiore (1999) emphasize the negative effects of high taxes in Europe. Other authors, like Blanchard (2004) and Alesina, Glaeser,...

  Tags: benefit, Europe, FINANCE, government, income, Italy, OECD, Taxes, U.S.

• Tax treaty shopping and the GAAR: MIL S.A. v. The Queen

  - 2008-01-01

  I INTRODUCTION II MIL INVESTMENTS S.A.V. THE OUEEN Facts Tax Court Decision III AVOIDANCE TRANSACTION Avoidance Transaction Series of Transactions IV TREATY MISUSE OR ABUSE UNDERTHE GAAR Textual, Contextual and Purposive Analysis ...

  Tags: Canada, FINANCE, Inco Ltd., income, Luxembourg, OECD, Queen, Taxation, Taxes, treaty

• Japan

  - 2007-12-01

  The economic expansion--the longest in Japan's post-war history--continues despite some deceleration in the pace of growth since early 2007. A further tightening of the labour market is projected to reverse the decline in wages, helping to sustain output growth of some 1 1/2-2% in 2008-09 and pushing inflation into positive...

  Tags: Benefits, FINANCE, income, inflation, investment, Japan, OECD, salary, SMB/SME

• Germany

  - 2007-12-01

  After slowing in the second quarter, growth has picked up in the third quarter on the back of strong domestic demand. The output gap is likely to be almost closed. Going forward, growth is projected to advance at near trend rates during 2008 and 2009. Following some near-term headwinds, unemployment...

  Tags: FINANCE, financing, Germany, income, Investment, OECD, Taxes, unemployment, VAT

• Canada

  - 2007-12-01

  The economy has been operating above its estimated production potential, but it is expected to decelerate noticeably in the short term as lower external demand and the marked currency appreciation damp activity. Yet growth is likely to rebound quite rapidly once the effects of these international factors disappear. A slowing...

  Tags: FINANCE, financial, income, inflation, OECD, Taxes

• Protestantism, labor force participation, and employment across countries

  - 2007-10-01

  I Introduction As MAX WEBER ([1904-1905] 2002) argued in his famous essay The Protestant Ethic and the Spirit of Capitalism, Protestantism--particularly its Calvinist branch--cultivated an intense devotion to one's work or "calling," in order to assure oneself that one was predestined for salvation. According to Weber, Protestantism sanctified...

  Tags: enrollment, FINANCE, income, Labor, OECD, regression, regulation, Taxes, Youth

• Has the Rise in Debt Made Households More Vulnerable?1

  - 2007-09-01

  Introduction and Summary Over the past decade, household debt has risen to record levels in a number of OECD countries. The large size of these debt run-ups, coupled with, in several instances, changes in the characteristics of some of the relevant instruments, are estimated to have raised the sensitivity of...

  Tags: asset, FINANCE, financial, income, OECD, U.S.

• The demand for life insurance in OECD countries

  - 2007-09-01

  ABSTRACT This article examines the determinants of life insurance consumption in OECD countries. Consistent with previous results, we find a significant positive income elasticity of life insurance demand. Demand also increases with the number of dependents and level of education, and decreases with life expectancy and social security expenditure....

  Tags: Beck, Campbell, FINANCE, GMM, income, inflation, Insurance, Lewis, OECD, Risk