This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

The dynamic marginal tax rate

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Thomas Cool

Additional information is available for the following registered author(s):

Abstract

There is a general misconception on the impact of marginal tax rates. Following the hypothesis of optimising economic agents, it is proper that marginal rates enter the discussion. The only issue is that the margin mu= st be computed correctly. In dynamics, one must take account of the fact tha= t tax parameters may change, or for optimality should change. The change of tax parameters affects the value of the proper marginal rate. The proper dynamic marginal rate can be called the =91dynamic marginal rate=92. The revolution in dynamics as exemplified by Keynes (1936) may find another twist in this issue. This new analysis dramatically affects macro-economi= cs and common perceptions in policy making. It is commonly thought that stagflation has been caused by external factors such as technology or the competition of low wage countries. The current analysis points to the conclusion that stagflation has been caused by internal factors, notably government policy itself, which policy has been based on a wrong percepti= on of the marginal tax rate.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://129.3.20.41/eps/get/papers/9708/9708002.html
File Format: text/html
File Function:
Download Restriction: no
File URL: http://129.3.20.41/eps/get/papers/9708/9708002.pdf
File Format: application/pdf
File Function:
Download Restriction: no
File URL: http://129.3.20.41/eps/get/papers/9708/9708002.doc.gz
File Format: application/msword
File Function:
Download Restriction: no
File URL: http://129.3.20.41/eps/get/papers/9708/9708002.ps.gz
File Format: application/postscript
File Function:
Download Restriction: no

Publisher Info
Paper provided by EconWPA in its series General Economics and Teaching with number 9708002.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 14 pages
Date of creation: 26 Aug 1997
Date of revision:
Handle: RePEc:wpa:wuwpgt:9708002

Note: 14 pages Word for Windows, 6 graphs, 399 KB, 59 KB zipped=20
Contact details of provider:
Web page: http://129.3.20.41

For technical questions regarding this item, or to correct its listing, contact: (EconWPA).

Related research
Keywords:

Find related papers by JEL classification:
A - General Economics and Teaching
H2 - Public Economics - - Taxation, Subsidies, and Revenue
H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
J2 - Labor and Demographic Economics - - Demand and Supply of Labor
J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining

This paper has been announced in the following NEP Reports:

Statistics
Access and download statistics

Did you know? Authors can create their own profile with links to their works on the RePEc Author Service.

This page was last updated on 2009-10-17.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.