Bessho, Shun-ichiro; Hayashi, Masayoshi - In: International Tax and Public Finance 22 (2015) 1, pp. 144-175
This study proposes a method to obtain the social marginal costs of public funds (SMCF) that allows for heterogeneity on a household basis as well as labor supply responses along both the extensive and the intensive margins. To demonstrate our methodology, we take the example of the 1999...
