Caspersen, Erik; Metcalf, Gilbert - National Bureau of Economic Research (NBER) - 1993
We measure the lifetime incidence of a value added tax (V AT) using income data from the Panel Study of Income Dynamics (PSID) and consumption data from the Consumer Expenditure Survey (CEX). When annual income is used as a measure of economic well-being, a VAT looks quite regressive. However,...
