Masayoshi, HAYASHI; Shunichiro, BESSHO - Economic and Social Research Institute (ESRI), Cabinet … - 2003
This paper, taking an explicit account of the progressive tax system, calculates the social marginal cost of public funds (SMCF) for the Japanese economy under alternative labour response assumptions. First, following formula provided by Dahlby (1998), we calculate the SMCF for the three types...