We estimate short- and long-run tax elasticities that capture the relationship between changes in national income and … tax revenue. We show that the short-run tax elasticity changes according to the business cycle. We estimate a two state … Markov-switching regression on a novel dataset of tax policy reforms in 15 European countries from 1980 to 2013, showing that …

We show that the effectiveness of redistribution policy in stimulating the economy and improving welfare is directly … counteract the deflationary forces during the recession. Moreover, redistribution produces a Pareto improvement under the fiscal …

productivity, factor bias, the relative cost of capital goods and the progressivity of the tax system are quantified using an …

, the relative cost of capital goods and the progressivity of the tax system are quantified using an elemental general … income tax credit” system, with financing from taxes on consumption, rather than capital income …

This paper reports estimates of the elasticity of taxable income with respect to the net-of-tax rate for New Zealand … taxation were consistent across years, being relatively small for all but the higher tax brackets. For the top marginal rate … bracket of 39 per cent, the welfare cost of raising an extra dollar of tax revenue was estimated to be well in excess of a …

property tax rather than one with stamp duty. In contrast, when examining transition dynamics we find that existing households … prefer replacing stamp duty with a consumption tax …

some empirical evidence for the ASEAN and APEC economies. Average tax rates are found to have a larger impact on migration … migrants with no education. Average tax rates are most important for migrants with secondary education, while marginal rates …

endogenous. We nd that a tax on inheritance results in both less intergenerational mobility and smaller investment in human … capital. However, a tax on labor income may promote human capital accumulation if the education premium is suffciently high …