We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and … transfers are only weakly related to income differences. Richer siblings give more to parents and receive less. Among parents … in the cross section or in the analysis using siblings that parental income or wealth raises time transfers from children …

The economics workings of the corporate income tax remain controversial. Harberger's seminal 1962 article viewed the … triggers the firm's classification as a corporation subject to income taxation. But going public has an upside. It permits …

income tax produces rapid and dramatic increases in the model's level of U.S. investment, output, and real wages, making the …

This year marks the twenty-fifth anniversary of Arnold Harberger's celebrated model of the corporation income tax … understanding the incidence and excess burden of the corporate income tax remains in question. One difficulty confronting all …

The 1986 Tax Reform Act, while having little effect on the overall effective tax rate on U.S. capital income, did … redistribution of income associated with the Tax Reform. We find that the 1986 Tax Reform law reduces excess burden by .85 percent of …

tax foreign source investment income more heavily than is implied by the "full taxation after deduction" rule. The … income. . The static analysis of the present paper should be extended to consider investment paths in growing economics …. Finally, the purely nationalistic optimality criterion could be generalized to give some weight to the real income of the rest …

An important deficiency in Harberger's (1962) model of corporate income taxation is its inability to consider both … corporation income tax. The model has two key characteristics. First, corporate and noncorporate firms produce (with identical … much larger excess burden from corporate income taxation. The incidence of the corporate tax can also differ dramatically …

difference between nominal and real capital income, to the problem of corporate pension funds, and to the automatic effect of … only the personal income tax change. The net imputed corporate tax increase was equivalent to a rise of 6 percentage points … in the personal income tax among taxpayers with 1988 incomes over $200,000 and 4 percentage points among taxpayers with …

All of the attempts to end the euro crisis and to return the Eurozone countries to healthy growth rates of income and …