' labor supply and saving assuming standard preferences. The system incorporates kinks from federal personal income tax …'s full set of work and saving disincentives. Consequently, it can facilitate analyses of structural labor supply and tax … discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the …

tax and transfer systems. With constant primary deficits, there exist two steady-states, and the price level and inflation … experiments to illustrate how redistribution and precautionary saving amplify price level increases in response to fiscal …

marginal tax rates. We revisit this question, focusing on the role of dynamic returns to effort among top earners. We develop a …

government prefers to repay its debt rather than default -- larger. By announcing a high tax rate at the beginning of the period …, the government ensures that tax revenue will be high enough to service sovereign debt becoming due, which deters panics by …

because the small increments in all future tax rates to finance interest payments involves a smaller excess burden than the … single large tax rate increase that would be required to avoid an initial increase in the national debt. This argument … tax rates can be explicitly balanced against the disadvantage of the excess burden that arises from additional debt. The …

tax rate for someone who (due to luck) became rich either five or one year(s) ago. Subjects faced with the five …-year scenario choose a lower tax rate, indicating respect for the more deeply embedded (five-year) reference point. Our results thus …

highly public lives, with some achieving superstar status. Despite growing inequality, billionaires face effective tax rates … lower than the average American. Is this due to a lack of public support for taxation? Is it due to misperceptions about … treatments would positively affect the demand for taxation, most treatments have a null or negative effect. Providing information …

This paper catalogues policies that have been deployed by jurisdictions seeking to mitigate the effects of tax … competition. There are many instruments in this policy arsenal, since the tax base associated with a particular tax instrument may … outside the traditional realm of tax policy. This paper describes sixteen instruments that both federal and sub …

How do different income taxation systems affect household decisions and welfare? We answer this question by first … documenting the strong labor supply disincentives for secondary earners of the U.S. tax system and by using variations from the … Bush Tax Cuts to assess their effects on intra-household specialization. We then develop a lifecycle model incorporating …