plays an important role. The results have important implications for predicting household responses to tax reforms and …

, and for predicting household responses to tax reforms and redistributive policies. In particular, we find that a debt …

analyzing bunching at kinks using the universe of tax records in Denmark. First, larger kinks generate larger taxable income …' aggregate tax preferences in equilibrium. Calibrating our model to match these empirical findings, we obtain a lower bound on …