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American Banking and the Transportation Revolution Before the Civil War

Atack, Jeremy - 2014

Studies have shown a connection between finance and growth, but most do not consider how financial and real factors interact to put a virtuous cycle of economic development into motion. As the main transportation advance of the 19th century, railroads connected established commercial centers and...

Persistent link: https://www.econbiz.de/10012458467

The Usual Excess-Burden Approximation Usually Doesn't Come Close

Goulder, Lawrence H. - 1999

interactions, and consequently yields highly inaccurate assessments of excess burden. Prior economic theory implicitly acknowledges … practical alternative to the usual excess-burden approximation. This paper helps fill the gap between theory and practice. First …

Persistent link: https://www.econbiz.de/10012471766

The Theory of Excess Burden and Optimal Taxation

Auerbach, Alan J. - 1982

study of optimal tax theory. A main objective of this exercise is to uncover the interrelationships among various apparently … the effects of technology. Included in the presentation of optimal tax theory is a section on tax reform, as well as an … application of the theory to the case where uncertainty is present …

Persistent link: https://www.econbiz.de/10012478080

Taxation and Excess Burden : A Life-Cycle Perspective

Driffill, E. John - 1981

A lifetime perspective is appropriate in assessing the welfare implications of government tax policies. Although a number of attempts have been made to ex- amine the excess burden of taxation in life-cycle models, these have tended to ignore the role of human capital accumulation and/or the...

Persistent link: https://www.econbiz.de/10012478420

Will the Real Excess Burden Please Stand Up? (Or, Seven Measures in Search of a Concept)

Auerbach, Alan J. - 1980

It is well understood that a tax which distorts relative prices generates a welfare cost or "excess burden" in addition to any associated transfer of resources, but there remains considerable controversy and confusion with respect to procedures for measuring this excess burden. The purpose of...

Persistent link: https://www.econbiz.de/10012478641

Are Sufficient Statistics Necessary? Nonparametric Measurement of Deadweight Loss from Unemployment Insurance

Lee, David S. - 2019

Central to the welfare analysis of income transfer programs is the deadweight loss associated with possible reforms. To aid analytical tractability, its measurement typically requires specifying a simplified model of behavior. We employ a complementary "decomposition" approach that compares the...

Persistent link: https://www.econbiz.de/10012479527

Salience and Taxation with Imperfect Competition

Kroft, Kory - 2020

This paper studies commodity taxation in a general model featuring imperfect competition and tax salience. We derive new formulas for the incidence and marginal excess burden of commodity taxation, and we estimate the necessary inputs to the formulas by combining Nielsen Retail Scanner data from...

Persistent link: https://www.econbiz.de/10012481604

The Excess Burden of Government Indecision

Gomes, Francisco J. - 2007

Governments are known for procrastinating when it comes to resolving painful policy problems. Whatever the political motives for waiting to decide, procrastination distorts economic decisions relative to what would arise with early policy resolution. In so doing, it engenders excess burden. This...

Persistent link: https://www.econbiz.de/10012465797

The Property Tax as a Tax on Value : Deadweight Loss

Arnott, Richard - 2002

Consider an atomistic developer who decides when and at what density to develop his land, under a property tax system characterized by three time-invariant tax rates: the tax rate on pre-development land value, the tax rate on post-development residual site value, and the tax rate on structure....

Persistent link: https://www.econbiz.de/10012469801

Tax Avoidance and the Deadweight Loss of the Income Tax

Feldstein, Martin - 1995

The traditional method of analyzing the distorting effects of the income tax greatly underestimates its total deadweight loss as well as the incremental deadweight loss of an increase in income tax rates. Deadweight losses are substantially greater than these conventional estimates because the...

Persistent link: https://www.econbiz.de/10012473834

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