In the world of tax collection, even small improvements in compliance can have massive financial implications for governments and societies. A recent study, "The $100 Million Nudge," demonstrates how a simple intervention, rooted in behavioral economics, significantly increased tax compliance among firms, resulting in a dramatic boost to public revenue. Tax compliance has … [Read more...] about How Behavioral Economics Boosted Tax Compliance in the Dominican Republic
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Nudging to Get Citizens to Pay Their Taxes and Improve the Delivery of Public Goods
Latin America and the Caribbean has faced several consecutive crises, from COVID to the Russian invasion of Ukraine, that have weakened countries' ability to provide their citizens goods and services and underscored the need to increase rates. Budgets are tight and capital spending meager, and the region can’t afford rates of evasion for personal and corporate income taxes … [Read more...] about Nudging to Get Citizens to Pay Their Taxes and Improve the Delivery of Public Goods
Behavioral Economics and the Urgent Need to Use Masks When Lockdowns Are Lifted
The health news from Latin America is not good. The region has become the global epicenter of the Covid-19 epidemic, with nearly 4 million infections and 204,000 deaths as of mid-June. Moreover, the numbers are rising rapidly in several countries, including Brazil, which lags only the United States in reported cases, Peru with the seventh highest number of cases globally, … [Read more...] about Behavioral Economics and the Urgent Need to Use Masks When Lockdowns Are Lifted
Leveraging Behavioral Insights in the Aftermath of COVID-19
As the Covid-19 pandemic takes its toll in lives lost and economic hardship, governments in Latin America and the Caribbean have rushed to increase fiscal spending, even as revenues drop. But only some countries will be able to access markets and borrow without sacrificing sustainability in the aftermath of the pandemic. Most will have to identify efficiencies in both revenue … [Read more...] about Leveraging Behavioral Insights in the Aftermath of COVID-19
A Conversation with Cass Sunstein on Behavioral Science and Using Nudges: Recommendations for Overcoming Covid-19
The pandemic caused by the novel coronavirus (SARS-CoV-2) continues to severely impact countries around the world. More than 4.5 million people have been confirmed infected, and the death count is now in the hundreds of thousands, although stringent restrictions on mobility have prevented a greater public health disaster. However, economic stagnation and fatigue among the … [Read more...] about A Conversation with Cass Sunstein on Behavioral Science and Using Nudges: Recommendations for Overcoming Covid-19