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This paper examines the appropriate tax treatment of the family in a series of analytical models and numerical examples. For a population of taxpaying couples which differ in earning capacity, we derive the optimal tax rates for each potential earner. These rates depend crucially upon own and...
Persistent link: https://www.econbiz.de/10013220808
taxation is estimated to be 29.6% of tax revenue raised. The effect of the new 10% deduction to ease the marriage tax for …
Persistent link: https://www.econbiz.de/10013222316
Currently U.S. Federal Income Tax schedules do not maintain marriage neutrality, that is, tax liabilities depend upon …
Persistent link: https://www.econbiz.de/10013227063
Over 18 million taxpayers are projected to receive the Earned Income Tax Credit (EITC) in tax year 1997, at a total cost to the federal government of about 25 billion dollars. The EITC is refundable, so that any amount of the credit exceeding the family's tax liability is returned in the form of...
Persistent link: https://www.econbiz.de/10013236806
Marriage penalties are a controversial feature of many government policies. Empirical evidence of their behavioral … decision. We investigate the removal of marriage penalties from the surviving spouse pensions of the Canadian public pension … marriage penalties can have large and persistent effects on marriage decisions. We also present evidence suggesting that it is …
Persistent link: https://www.econbiz.de/10013237235
We document the time-series of employment rates and hours worked per employed by married couples in the US and seven European countries (Belgium, France, Germany, Italy, the Netherlands, Portugal, and the UK) from the early 1980s through 2016. Relying on a model of joint household labor supply...
Persistent link: https://www.econbiz.de/10012911481
We examine the association between nonmarital childbearing and the subsequent likelihood of first marriage and document … expectations of future marriage. Rather, the direction of causation is just the reverse: Nonmarital childbearing tends to be an … first marriage. Further, the upward trend in the proportion of childbearing that occurs outside of marriage may account for …
Persistent link: https://www.econbiz.de/10013222632
This paper analyzes the intertemporal efficiency and optimality of steady states within overlapping-generations models in which the utility of individual working couples , depends on the consumption of their parents and children as well as their own consumption. The analysis considers both a...
Persistent link: https://www.econbiz.de/10013226191
What determines bargaining power in marriage? This paper argues that wage rates, not earnings, determine well-being at …
Persistent link: https://www.econbiz.de/10013239378
This paper investigates the application of the three-parameter, Coale-McNeil marriage model and some related hyper …-parameterized specifications to data on the first marriage patterns of American women. Because the model is parametric, it can be used to estimate … the parameters of the marriage process, free of censoring bias, for cohorts that have yet to complete their first marriage …
Persistent link: https://www.econbiz.de/10013125234