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The Effect of Inequality on Redistribution : An Econometric Analysis
Boskin, Michael J.; Elnahal, Kareem; Zhang, Adam - National Bureau of Economic Research - 2024
Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that yields the marginal effect of any shift of market income share from one quintile to another on the entire post tax, post-transfer income distribution. We identify exogenous income...
Persistent link: https://www.econbiz.de/10014544770
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The Global Life-Cycle Optimizer – Analyzing Fiscal Policy's Potential to Dramatically Distort Labor Supply and Saving
Brumm, Johannes; Kotlikoff, Laurence J.; Krause, Christopher - National Bureau of Economic Research - 2024
Fiscal policy in the U.S. and other countries renders intertemporal budgets non-differentiable, nonconvex, and discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the Global Life-Cycle Optimizer (GLO), a stochastic...
Persistent link: https://www.econbiz.de/10014528375
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Carbon Taxes : Many Strengths but Key Weaknesses
Gordon, Roger H. - National Bureau of Economic Research - 2023
There is a consensus among economists that a carbon tax is the best approach for addressing the effects of CO2 emissions on the global climate. However, past international agreements on climate change instead specify caps on emissions (a quantity target) for each country. This paper explores...
Persistent link: https://www.econbiz.de/10014421179
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Bargaining over Taxes and Entitlements in the Era of Unequal Growth
Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022
Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
Persistent link: https://www.econbiz.de/10013210072
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Wayfair : A Step Towards the Destination, But Sales Tax Competition Remains
Bruce, Donald J.; Fox, William F.; Shute, Alannah M. - National Bureau of Economic Research - 2023
-untaxed internet, but has brought traditional cross-border shopping, which is often subject to origin taxation, back to prominence … destination taxation has influenced the location of (a) consumer purchases and (b) business locations using two different …
Persistent link: https://www.econbiz.de/10014247994
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Wealth and Property Taxation in the United States
Dray, Sacha; Landais, Camille; Stantcheva, Stefanie - National Bureau of Economic Research - 2023
We study the history and geography of wealth accumulation in the US, using newly collected historical property tax records since the early 1800s. The US General Property Tax was a comprehensive tax on all types of property (real, personal, and financial), making it one of the first "wealth...
Persistent link: https://www.econbiz.de/10014247998
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Corporate Political Spending and State Tax Policy : Evidence from Citizens United
Slattery, Cailin R.; Tazhitdinova, Alisa; Robinson, Sarah - National Bureau of Economic Research - 2022
To what extent is U.S. state tax policy affected by corporate political contributions? The 2010 Supreme Court Citizens United v. Federal Election Commission ruling provides an exogenous shock to corporate campaign spending, allowing corporations to spend on elections in 23 states which...
Persistent link: https://www.econbiz.de/10013362006
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Correlation in State and Local Tax Changes
Baker, Scott; Janas, Pawel; Küng, Lorenz - National Bureau of Economic Research - 2024
Empirical research in public economics, including our own, often uses variation in state and local taxes as an empirical laboratory to estimate causal relationships. A key concern is that other taxes might change at the same time. To assess this concern, we develop a dataset of state (1977-2022)...
Persistent link: https://www.econbiz.de/10015056110
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Taxation and Household Decisions : an Intertemporal Analysis
Bronson, Mary Ann; Haanwinckel, Daniel; Mazzocco, Maurizio - National Bureau of Economic Research - 2024
How do different income taxation systems affect household decisions and welfare? We answer this question by first ….S.-like income-splitting system, an individual taxation system, a flexible general joint system, and an income-splitting system with … secondary-earner deductions. We find that the individual taxation system provides higher welfare than income splitting but …
Persistent link: https://www.econbiz.de/10015056188
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The Importance of Modeling Income Taxes Over time$bU.S. Reforms and Outcomes
Borella, Margherita; De Nardi, Mariacristina; Pak, Michael - National Bureau of Economic Research - 2022
discuss how effective taxation has changed over time from 1969 to 2016. We show that most tax regimes are short-lived and that …
Persistent link: https://www.econbiz.de/10013477217