Showing 1 - 10 of 12
This paper uses a panel of individual tax returns and the `bracket creep' as source of tax rate variation to construct instrumental variables estimates of the sensitivity of income to changes in tax rates. From 1979 to 1981, the US income tax schedule was fixed in nominal terms while inflation...
Persistent link: https://www.econbiz.de/10012471417
compensated elasticity of income with respect to tax rates. These models are used to perform simulations of bunching and calibrate … the key parameters (the behavioral elasticity and the extent to which taxpayers control their income) to the empirical … income distributions. Except for low income earners, the behavioral elasticity consistent with the empirical results is small …
Persistent link: https://www.econbiz.de/10012471418
This paper estimates the impact of external demand shocks on real income. Our empirical strategy is based on a first order approximation to a wide class of small open economy models that feature sector-level gravity in trade flows. The framework allows us to measure foreign shocks and...
Persistent link: https://www.econbiz.de/10012482492
values, the elasticities of wages, prices, taxes, and government transfers with respect to national labor supplies, as well …
Persistent link: https://www.econbiz.de/10012464157
skewness in house prices and incomes are related and can be explained, at least in part, by inelastic supply of land in some …-up of land prices and a sorting of high-income families relatively more into those desirable, unique, low housing ….S. provides support for ever-larger differences in house prices across inelastically supplied locations and income-based spatial …
Persistent link: https://www.econbiz.de/10012466310
elasticity of labor supply to the wage elasticity and (2) the degree of complementarity between consumption and labor. I bound … labor supply elasticity estimates from thirty-three studies, I find a mean estimate of g = 1. I then show that generating g …
Persistent link: https://www.econbiz.de/10012466602
ratio of the income elasticity of labor supply to the wage elasticity, holding fixed the degree of complementarity between … a calibration argument showing that a positive uncompensated wage elasticity, as found in most studies of labor supply …
Persistent link: https://www.econbiz.de/10012468704
Knowing the elasticity of taxable income (ETI) is crucial for understanding the effects of taxation on taxpayer … composition of their compensation than lower-income individuals. This paper considers the taxable income elasticity when … individuals can shift income across tax bases and thereby defer taxation. We decompose the elasticity of taxable income into a …
Persistent link: https://www.econbiz.de/10012453185
an estimate of the taxable income elasticity from the bunching pattern around a kink point. The bunching estimator has … identify the taxable income elasticity when the functional form of the distribution of preference heterogeneity is unknown. We … with any positive taxable income elasticity if the distribution of heterogeneity is unrestricted …
Persistent link: https://www.econbiz.de/10012453577
Persistent link: https://www.econbiz.de/10001437872