instrumental variables estimates of the sensitivity of income to changes in tax rates. From 1979 to 1981, the US income tax … changes in income between taxpayers close to the top-end of a tax bracket to the other taxpayers. These estimates, based on … comparisons between very similar groups, are robust to underlying changes in the income distribution, such as a rise in inequality …

This paper investigates whether taxpayers bunch at the kink points of the US income tax schedule (i.e. where marginal … 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 …

Efforts to reconcile inconsistencies between theory and estimates of the income elasticity of the value of a … how exogenous income shocks, such as unexpected medical expenditures, may affect labor supply decisions which in turn …

heterogeneity. In contrast to simpler models that attribute all income fluctuations to shocks, our framework disentangles …

receive welfare), while other states did not. We explore the effect of these changes on women's labor supply and income using … or income. We show this is because few women used these earnings disregards. This is surprising and we discuss why this …

utility model. I derive a formula for the coefficient of relative risk aversion (g) in terms of (1) the ratio of the income …

ratio of the income elasticity of labor supply to the wage elasticity, holding fixed the degree of complementarity between … stochastic. Using a large set of existing estimates of wage and income elasticities, I find a mean estimate of g = 1. I also give …