Detail Three essays on taxation Bibliografi Author: Feldstein, Martin (Advisor); Fletcher, Kevin Timothy Topik: ECONOMICS; GENERAL|ECONOMICS; FINANCE Bahasa: (EN )    ISBN: 0-599-52221-6     Penerbit: Harvard University Press     Tahun Terbit: 1999     Jenis: Theses - Dissertation Fulltext: 9949750.pdf (0.0B; 0 download) Abstract This thesis is comprised of three separate essays, each of which examines various ways in taxation affects the economy. The first chapter estimates the elasticity of pre-tax income with respect to the marginal net-of-tax rate by examining whether countries with highly progressive tax rates between certain groups have more or less pre-tax income inequality between those groups, controlling for the general degree of income inequality in the country. Unlike many previous attempts to estimate this effect, this methodology eliminates the direct endogeneity of tax rates, captures some of the long-term effects of taxation, and allows elasticities to differ across income groups. The analysis finds that marginal tax rates have a substantial negative effect on individuals' pre-tax incomes and that this effect is especially strong for women. The second chapter examines the effect of government debt on the intragenerational distribution of income. The chapter uses a simple dynamic model with heterogeneous agents to show that debt increases steady-state income inequality because it increases the share of income going to interest-earning assets, which are held disproportionately in high-income households. Simulations show that the magnitude of this effect is such that the increase in debt in the U.S. in the 1980s can account for around 10–15% of the concurrent rise in income inequality. This suggests that the intragenerational effects of debt may be as or more important than the intergenerational effects that have typically been the focus of debt analysis. The third chapter investigates individuals' perceptions of their marginal tax rates and shows that the presence of misperceptions will generally result in errors in standard calculations of excess burden and empirical estimates of behavioral elasticities. An empirical investigation of tax perceptions also yields the following results: (1) the accuracy of perceptions rises with the tax rate, (2) average tax rates are often confused for marginal tax rates, (3) effective taxes created by the phase-out of credits are less well-perceived than official tax bracket rates, and (4) there is a delayed adjustment of perceptions to changes in actual marginal tax rates. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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