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Taxpayers Attitudes Toward Risk and Amnesty Participation: Economic Analysis and Evidence for the Italian Case

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Author Info
Marchese, Carla ()
Privileggi, Fabio ()

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Abstract

This paper provides a simple model, based on expected utility theory, for rationalizing taxpayer's reaction to an unexpected amnesty offer. The model is estimated through a deterministic approach, with reference to data pertaining to the 1991 and 1994 Italian tax amnesties. Results seem sound and suggest that standard critiques to the use of expected utility theory for describing taxpayer behavior do not apply when participation in amnesties is considered. However, the model fails in explaining the behavior of full compliers (who refuse the amnesty). Their behavior can be better rationalized by resorting to the expected utility with rank dependent probability approach.

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File URL: http://polis.unipmn.it/pubbl/RePEc/uca/ucapdv/fatot.pdf
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Publisher Info
Paper provided by Department of Public Policy and Public Choice - POLIS in its series P.O.L.I.S. department's Working Papers with number 6.

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Length: 14 pages
Date of creation: Jul 1999
Date of revision:
Handle: RePEc:uca:ucapdv:6

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Related research
Keywords: tax amnesty; plea bargaining; risk aversion; Italian tax system;

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Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion
H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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  4. Szpiro, George G, 1986. "Measuring Risk Aversion: An Alternative Approach," The Review of Economics and Statistics, MIT Press, vol. 68(1), pages 156-59, February. [Downloadable!] (restricted)
  5. Farber, Henry S, 1978. "Individual Preferences and Union Wage Determination: The Case of the United Mine Workers," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 923-42, October. [Downloadable!] (restricted)
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  7. Schram, Arthur, 2000. " Sorting Out the Seeking: The Economics of Individual Motivations," Public Choice, Springer, vol. 103(3-4), pages 231-58, June. [Downloadable!] (restricted)
  8. Chu, C. Y. Cyrus, 1990. "Plea bargaining with the irs," Journal of Public Economics, Elsevier, vol. 41(3), pages 319-333, April. [Downloadable!] (restricted)
  9. Grossman, Gene M & Katz, Michael L, 1983. "Plea Bargaining and Social Welfare," American Economic Review, American Economic Association, vol. 73(4), pages 749-57, September. [Downloadable!] (restricted)
  10. Loehman, Edna, 1998. "Testing risk aversion and nonexpected utility theories," Journal of Economic Behavior & Organization, Elsevier, vol. 33(2), pages 285-302, January. [Downloadable!] (restricted)
  11. Weber, Warren E, 1970. "The Effect of Interest Rates on Aggregate Consumption," American Economic Review, American Economic Association, vol. 60(4), pages 591-600, September. [Downloadable!] (restricted)
  12. Wayne E. Ferson & George M. Constantinides, 1992. "Habit Persistence and Durability in Aggregate Consumption: Empirical Tests," NBER Working Papers 3631, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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