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 relative income gains of the affluent after the passage of the Tax Reform Act of 1986 (TRA86), which sharply … lowered tax rates at high income levels, are overstated by comparing cross-sectional slices using concurrent income … income distribution can explain much of the increased high-income concentration until 1985, it cannot adequately explain the …

deducted in the computation of one's income tax base in spite of the fact that the returns from owner- occupied housing = not … the household and the method of finance. Average 1977 tax rates for households in different income ranges are calculated …

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 …

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 …

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 …