Effects of Tax Reform on Labor Supply, Investment, and Saving
The U.S. tax system received two major overhauls during the 1980s: the tax cuts of 1981 and the Tax Reform Act of 1986. Supporters of both reforms argued that major changes in tax policy could boost saving, investment, labor supply, and entrepreneurship. Eventually, it was argued, such changes could reverse the slowdown in economic growth that began in the early 1970s and spur improvements in American living standards. The aim of this paper is to assess whether the goals of increased labor supply and capital formation were achieved.
Volume (Year): 6 (1992)
Issue (Month): 1 (Winter)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Thomas MaCurdy & David Green & Harry Paarsch, 1990. "Assessing Empirical Approaches for Analyzing Taxes and Labor Supply," Journal of Human Resources, University of Wisconsin Press, vol. 25(3), pages 415-490.
- Bovenberg, A. Lans, 1989. "Tax Policy and National Saving in the United States: A Survey," National Tax Journal, National Tax Association, vol. 42(2), pages 123-38, June.
- repec:hoo:wpaper:e-90-11 is not listed on IDEAS
- Jonathan Skinner & Daniel Feenberg, 1990. "The Impact of the 1986 Tax Reform Act on Personal Saving," NBER Working Papers 3257, National Bureau of Economic Research, Inc.
- B. Douglas Bernheim & John B. Shoven, 1985.
"Pension Funding and Saving,"
NBER Working Papers
1622, National Bureau of Economic Research, Inc.
- Jerry A. Hausman & James M. Poterba, 1987.
"Household Behavior and the Tax Reform Act of 1986,"
NBER Working Papers
2120, National Bureau of Economic Research, Inc.
- Jane G. Gravelle, 1991. "Do Individual Retirement Accounts Increase Savings?," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 133-148, Spring.
- Stiglitz, Joseph E., 1973. "Taxation, corporate financial policy, and the cost of capital," Journal of Public Economics, Elsevier, vol. 2(1), pages 1-34, February.
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