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 …

income, since employment and other factors on which they are based do a very poor job of explaining a firm's profits. For … twice predicted income 11% of the time. As a result, the use of formulas rewards or punishes international mergers and … divestitures by reallocating taxable income between operations in jurisdictions with differing tax rates. The associated ownership …

evidence is consistent with a behavioral model in which the Department of Defense ignores the federal income tax consequences …

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 …

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 …

American nonprofit organizations are generally exempt from federal income tax, with the exception that profits earned … from activities that are subject to the Unrelated Business Income Tax (UBIT). The UBIT is intended to prevent nonprofits …, are the most likely to have unrelated business income. The same organizational characteristics are not associated with …