In this report, the Committee has been considering the relationship between tax and accounting measures of business income. Increasingly, the courts have been prepared to accept the use of accounting standards without an overlay of specific tax rules. Year by year more legislation draws upon accounting principles and practices to define the business tax base. Where could might or should this growing relationship between tax and accounting lead? The recent developments raise fundamental questions about the appropriateness of linking the business tax system to an evolving accounting process. For example, are current accounting principles and practices consistent with the requirements of the tax system? Does the current direction of accounting evolution support the closer alignment of tax and accounting measures of business income? Will closer alignment inhibit agreement on accounting standards that would otherwise improve financial reporting?
Conditions are derived under which there is local nonparametric identification of values of structural functions and of their derivatives in potentially nonlinear nonseparable models.
In this paper we consider conditions under which the estimation of a log-linearized Euler equation for consumption yields consistent estimates of preference parameters.
An overview is presented of some parametric and semi-parametric models, estimators, and specification tests that can be used to analyze ordered response variables
We offer an extensive summary and a critical discussion of the empirical literature on the impact of human capital on macro- economic performance, with a particular focus on UK policy.
The Swedish model of active labour market programmes is investigated in relation to some crucial institutional features with two aims: examining how successful it has been in the context of the high unemployment atypically experienced by Sweden in the 1990s and trying to derive some general lessons as to which type of programme works best.
The principal of horizontal equity can be interpreted as requiring that households with the same pre-transfer incomes and the same consumption needs should receive the same post-transfer incomes.
Economic models for hedonic markets characterize the pricing of bundles of attributes and the demand and supply of these attributes under different assumptions about market structure,
This paper investigates how effective the Swedish labour market programmes have been in improving the opportunities of unemployed individuals over the last decade.
In this paper we explore a new approach to estimation for autoregressive panel data models, based on projecting the unobserved individual effects on the vector of observations on the lagged dependent variable.
Conditions are derived under which there is local nonparametric identification of derivatives of structural equations in nonlinear triangular simultaneous equations systems.
The paper evaluates the differential performance of the six main types of Swedish programmes that were available to adult unemployed workers enTitled to unemployment benefits in the 1990s: labour market training, workplace introduction, work experience placement, relief work, trainee replacement and employment subsidies.
