Similar Search Results

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2011

A notable feature and principal virtue of Tax by Design is its system-wide perspective on different elements of the tax system. This review essay builds on this trait and offers a more explicit foundation for the report's general approach, drawing on a distribution-neutral methodology that is...

Persistent link: https://www.econbiz.de/10009226936

Build America Bonds

Ang, Andrew; Bhansali, Vineer; Xing, Yuhang - National Bureau of Economic Research (NBER) - 2010

Build America Bonds (BABs) are a new form of municipal financing introduced in 2009. Investors in BAB municipal bonds receive interest payments that are taxable, but issuers receive a subsidy from the U.S. Treasury. The BAB program has succeeded in lowering the cost of funding for state and...

Persistent link: https://www.econbiz.de/10008627130

Taxes on Tax-Exempt Bonds

Ang, Andrew; Bhansali, Vineer; Xing, Yuhang - National Bureau of Economic Research (NBER) - 2008

Implicit tax rates priced in the cross section of municipal bonds are approximately two to three times as high as statutory income tax rates, with implicit tax rates close to 100% using retail trades and above 70% for interdealer trades. These implied tax rates can be identified on the cross...

Persistent link: https://www.econbiz.de/10005710418

Making the Most of Capital in the 21st Century

Lindert, Peter H. - National Bureau of Economic Research (NBER) - 2014

historical movements in inequality. This essay ranks the promise of different paths that scholars can usefully follow from the … point to which his book has guided us. The main path to follow is the income inequality history so well paved by Piketty and …'s emphasis on wealth, capital, and the rate of return. Following the income route to better inequality predictions requires …

Persistent link: https://www.econbiz.de/10010951213

Taxation and Top Incomes in Canada

Milligan, Kevin; Smart, Michael - National Bureau of Economic Research (NBER) - 2014

We estimate the elasticity of reported income with respect to tax rates for high earners using subnational variation across Canadian provinces. We argue this allows for better identification of tax elasticities than the existing literature. We find that elasticities of reported income at the...

Persistent link: https://www.econbiz.de/10010951365

Accounting for Income Changes over the Great Recession (2007-2010) Relative to Previous Recessions: The Importance of Taxes and Transfers

Burkhauser, Richard V.; Larrimore, Jeff; Armour, Philip - National Bureau of Economic Research (NBER) - 2013

With data from the March CPS and using shift-share analysis, we analyze the factors that account for changes in post-tax post-transfer income during each of the past four recessions. What distinguishes the Great Recession is that drops in employment rather than wage earnings drove income...

Persistent link: https://www.econbiz.de/10010951470

Levels and Trends in United States Income and Its Distribution A Crosswalk from Market Income Towards a Comprehensive Haig-Simons Income Approach

Burkhauser, Richard V.; Armour, Philip; Larrimore, Jeff - National Bureau of Economic Research (NBER) - 2013

Recent research on United States levels and trends in income inequality vary substantially in how they measure income … IRS tax return data. Doing so dramatically reduces the observed growth in income inequality across the distribution, but …

Persistent link: https://www.econbiz.de/10010796661

The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares

Parker, Jonathan A.; Vissing-Jorgensen, Annette - National Bureau of Economic Research (NBER) - 2010

We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of those in the top 1 percent of the income distribution...

Persistent link: https://www.econbiz.de/10008756449

Capital Gains Lock-In and Governance Choices

Dimmock, Stephen G.; Gerken, William C.; Ivković, Zoran; … - National Bureau of Economic Research (NBER) - 2014

Because of differences in accrued gains and investors' tax-sensitivity, capital gains "lock-in" varies across mutual funds even for the same stock at the same time. Using this variation, we show that tax lock-in affects funds' governance decisions. Higher tax lock-in decreases the likelihood a...

Persistent link: https://www.econbiz.de/10010969406

The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

Jorda, Oscar; Taylor, Alan M. - National Bureau of Economic Research (NBER) - 2013

After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...

Persistent link: https://www.econbiz.de/10010969462

1
2
3
4
5
6
7
8
9
10
Next
Last