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 …

Panel Study of Income Dynamics. Our main conclusion is that family background appears to exert greater influence on economic …

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 …

different propensities to borrow even ignoring taxes. This paper uses US Statistics of Income balance sheet data on all …

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 …

Several recent papers argue that corporate income taxes should not be used by small, open economies. With capital … suggest that the resolution of these puzzles may be found in the role of income shifting, both domestic (between the personal … backstop to labor taxes to discourage individuals from converting their labor income into otherwise untaxed corporate income …

amount of revenue actually collected from taxing capital income is apparently very low. In this paper we derive explicitly … of the true effective tax rate on capital income, and how this measure and existing measures are affected by several …