Marginal tax rates and income in the long run: Evidence from a structural estimation
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jmoneco.2023.09.001
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal Tax Rates and Income in the Long Run: Evidence from a Structural Estimation," Economics Discussion Paper Series 2105, Economics, The University of Manchester, revised Jan 2022.
References listed on IDEAS
- Karel Mertens & Morten O. Ravn, 2013.
"The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States,"
American Economic Review, American Economic Association, vol. 103(4), pages 1212-1247, June.
- Ravn, Morten & Mertens, Karel, 2011. "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States," CEPR Discussion Papers 8554, C.E.P.R. Discussion Papers.
- Morten Ravn & Karel Mertens, 2012. "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States," 2012 Meeting Papers 638, Society for Economic Dynamics.
- Alejandro Badel & Mark Huggett & Wenlan Luo, 2020.
"Taxing Top Earners: a Human Capital Perspective,"
The Economic Journal, Royal Economic Society, vol. 130(629), pages 1200-1225.
- Mark Huggett & Alejandro Badel, 2013. "Taxing Top Earners: A Human Capital Perspective," 2013 Meeting Papers 625, Society for Economic Dynamics.
- Alejandro Badel & Mark Huggett, 2014. "Taxing top earners: a human capital perspective," Working Papers 2014-17, Federal Reserve Bank of St. Louis.
- Mark Huggett & Alejandro Badel, 2014. "Taxing Top Earners: A Human Capital Perspective," Working Papers gueconwpa~14-14-02, Georgetown University, Department of Economics.
- Alejandro Badel & Mark Huggett, 2014. "Taxing Top Earners: A Human Capital Perspective," Working Papers 2014-021, Human Capital and Economic Opportunity Working Group.
- Marco Cagetti & Mariacristina De Nardi, 2006.
"Entrepreneurship, Frictions, and Wealth,"
Journal of Political Economy, University of Chicago Press, vol. 114(5), pages 835-870, October.
- Marco Cagetti & Mariacristina De Nardi, 2003. "Entrepreneurship, frictions and wealth," Working Papers 620, Federal Reserve Bank of Minneapolis.
- Marco Cagetti & Mariacristina De Nardi, 2005. "Entrepreneurship, frictions, and wealth," Working Paper Series WP-05-09, Federal Reserve Bank of Chicago.
- Oleg Itskhoki & Benjamin Moll, 2019.
"Optimal Development Policies With Financial Frictions,"
Econometrica, Econometric Society, vol. 87(1), pages 139-173, January.
- Oleg Itskhoki & Benjamin Moll, 2014. "Optimal Development Policies with Financial Frictions," NBER Working Papers 19994, National Bureau of Economic Research, Inc.
- Owen Zidar, 2019.
"Tax Cuts for Whom? Heterogeneous Effects of Income Tax Changes on Growth and Employment,"
Journal of Political Economy, University of Chicago Press, vol. 127(3), pages 1437-1472.
- Owen M. Zidar, 2015. "Tax Cuts For Whom? Heterogeneous Effects of Income Tax Changes on Growth and Employment," NBER Working Papers 21035, National Bureau of Economic Research, Inc.
- Karel Mertens & José Luis Montiel Olea, 2018.
"Marginal Tax Rates and Income: New Time Series Evidence,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(4), pages 1803-1884.
- Karel Mertens & José L. Montiel Olea, 2013. "Marginal Tax Rates and Income: New Time Series Evidence," NBER Working Papers 19171, National Bureau of Economic Research, Inc.
- Mertens, Karel, 2015. "Marginal Tax Rates and Income: New Time Series Evidence," CEPR Discussion Papers 10896, C.E.P.R. Discussion Papers.
- Altonji, Joseph G & Segal, Lewis M, 1996.
"Small-Sample Bias in GMM Estimation of Covariance Structures,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 14(3), pages 353-366, July.
- Joseph Altonji & Lewis M. Segal, 1994. "Small sample bias in GMM estimation of covariance structures," Working Paper Series, Macroeconomic Issues 94-8, Federal Reserve Bank of Chicago.
- Joseph G. Altonji & Lewis M. Segal, 1994. "Small Sample Bias in GMM Estimation of Covariance Structures," NBER Technical Working Papers 0156, National Bureau of Economic Research, Inc.
- Ufuk Akcigit & John Grigsby & Tom Nicholas & Stefanie Stantcheva, 2022. "Taxation and Innovation in the Twentieth Century," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(1), pages 329-385.
- Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M Taylor, 2019.
"The Rate of Return on Everything, 1870–2015,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(3), pages 1225-1298.
- Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M. Taylor, 2017. "The Rate of Return on Everything, 1870–2015," NBER Working Papers 24112, National Bureau of Economic Research, Inc.
- Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M. Taylor, 2018. "The Rate of Return on Everything, 1870-2015," CESifo Working Paper Series 6899, CESifo.
- Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M. Taylor, 2017. "The Rate of Return on Everything, 1870–2015," Working Paper Series 2017-25, Federal Reserve Bank of San Francisco.
- Taylor, Alan M. & Knoll, Katharina & , & Schularick, Moritz & Jordà , Òscar, 2017. "The Rate of Return on Everything, 1870-2015," CEPR Discussion Papers 12509, C.E.P.R. Discussion Papers.
- Jess Benhabib & Alberto Bisin & Shenghao Zhu, 2011.
"The Distribution of Wealth and Fiscal Policy in Economies With Finitely Lived Agents,"
Econometrica, Econometric Society, vol. 79(1), pages 123-157, January.
- Jess Benhabib & Alberto Bisin, 2009. "The distribution of wealth and fiscal policy in economies with finitely lived agents," NBER Working Papers 14730, National Bureau of Economic Research, Inc.
- Adrien Auclert & Bence Bardóczy & Matthew Rognlie & Ludwig Straub, 2021.
"Using the Sequence‐Space Jacobian to Solve and Estimate Heterogeneous‐Agent Models,"
Econometrica, Econometric Society, vol. 89(5), pages 2375-2408, September.
- Adrien Auclert & Bence Bardóczy & Matthew Rognlie & Ludwig Straub, 2019. "Using the Sequence-Space Jacobian to Solve and Estimate Heterogeneous-Agent Models," NBER Working Papers 26123, National Bureau of Economic Research, Inc.
- Auclert, Adrien & Bardoczy, Bence & Rognlie, Matthew & Straub, Ludwig, 2019. "Using the Sequence-Space Jacobian to Solve and Estimate Heterogeneous-Agent Models," CEPR Discussion Papers 13890, C.E.P.R. Discussion Papers.
- Christina D. Romer & David H. Romer, 2010.
"The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks,"
American Economic Review, American Economic Association, vol. 100(3), pages 763-801, June.
- Christina D. Romer & David H. Romer, 2007. "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks," NBER Working Papers 13264, National Bureau of Economic Research, Inc.
- Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2018.
"Distributional National Accounts: Methods and Estimates for the United States,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(2), pages 553-609.
- Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2016. "Distributional National Accounts: Methods and Estimates for the United States," NBER Working Papers 22945, National Bureau of Economic Research, Inc.
- Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2017. "Distributional,National,Accounts: Methods,and,Estimates,for,the,United,States," PSE Working Papers halshs-02784725, HAL.
- Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2018. "Distributional National Accounts: Methods and Estimates for the United States," PSE-Ecole d'économie de Paris (Postprint) halshs-01802612, HAL.
- Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2018. "Distributional National Accounts: Methods and Estimates for the United States," Post-Print halshs-01802612, HAL.
- Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2017. "Distributional,National,Accounts: Methods,and,Estimates,for,the,United,States," World Inequality Lab Working Papers halshs-02784725, HAL.
- Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2016. "Distributional National Accounts: Methods and Estimates for the United States," Working Papers 201603, World Inequality Lab.
- Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2017. "Distributional,National,Accounts: Methods,and,Estimates,for,the,United,States," Working Papers halshs-02784725, HAL.
- Benjamin Moll, 2014. "Productivity Losses from Financial Frictions: Can Self-Financing Undo Capital Misallocation?," American Economic Review, American Economic Association, vol. 104(10), pages 3186-3221, October.
- Ross Levine & Yona Rubinstein, 2018.
"Selection into Entrepreneurship and Self-Employment,"
NBER Working Papers
25350, National Bureau of Economic Research, Inc.
- Rubinstein, Yona & Levine, Ross, 2020. "Selection Into Entrepreneurship And Self-Employment," CEPR Discussion Papers 15143, C.E.P.R. Discussion Papers.
- Levine, Ross & Rubinstein, Yona Zvi, 2020. "Selection into entrepreneurship and self-employment," LSE Research Online Documents on Economics 108462, London School of Economics and Political Science, LSE Library.
- Ross Levine & Yona Rubinstein, 2020. "Selection into entrepreneurship and self-employment," CEP Discussion Papers dp1722, Centre for Economic Performance, LSE.
- Tauchen, George, 1986. "Finite state markov-chain approximations to univariate and vector autoregressions," Economics Letters, Elsevier, vol. 20(2), pages 177-181.
- Pierre-Olivier Gourinchas & Jonathan A. Parker, 2002.
"Consumption Over the Life Cycle,"
Econometrica, Econometric Society, vol. 70(1), pages 47-89, January.
- Gourinchas, P.O. & Parker, J.A., 1997. "Consumption Over the Life Cycle," Working papers 9722, Wisconsin Madison - Social Systems.
- Pierre-Olivier Gourinchas & Jonathan A. Parker, 1999. "Consumption Over the Life Cycle," NBER Working Papers 7271, National Bureau of Economic Research, Inc.
- Gourinchas, Pierre-Olivier & Parker, Jonathan A, 2000. "Consumption Over the Life-Cycle," CEPR Discussion Papers 2345, C.E.P.R. Discussion Papers.
- Sergio Ocampo & Gueorgui Kambourov & Daphne Chen & Burhanettin Kuruscu & Fatih Guvenen, 2017.
"Use It or Lose It: Efficiency Gains from Wealth Taxation,"
2017 Meeting Papers
913, Society for Economic Dynamics.
- Fatih Guvenen & Gueorgui Kambourov & Burhan Kuruscu & Sergio Ocampo & Daphne Chen, 2019. "Use It or Lose It: Efficiency Gains from Wealth Taxation," Working Papers tecipa-648, University of Toronto, Department of Economics.
- Daphne Chen & Fatih Guvenen & Gueorgui Kambourov & Burhanettin Kuruscu & Sergio Ocampo, 2019. "Use it or Lose it: Efficiency Gains from Wealth Taxation," Working Papers 764, Federal Reserve Bank of Minneapolis.
- Fatih Guvenen & Gueorgui Kambourov & Burhanettin Kuruscu & Sergio Ocampo-Diaz & Daphne Chen, 2019. "Use It or Lose It: Efficiency Gains from Wealth Taxation," NBER Working Papers 26284, National Bureau of Economic Research, Inc.
- Nir Jaimovich & Sergio Rebelo, 2017.
"Nonlinear Effects of Taxation on Growth,"
Journal of Political Economy, University of Chicago Press, vol. 125(1), pages 265-291.
- Rebelo, Sérgio & Jaimovich, Nir, 2012. "Non-linear Effects of Taxation on Growth," CEPR Discussion Papers 9261, C.E.P.R. Discussion Papers.
- Nir Jaimovich & Sergio Rebelo, 2013. "Non-linear effects of taxation on growth," FRB Atlanta CQER Working Paper 2013-02, Federal Reserve Bank of Atlanta.
- Nir Jaimovich & Sergio Rebelo, 2012. "Non-linear Effects of Taxation on Growth," NBER Working Papers 18473, National Bureau of Economic Research, Inc.
- Philippe Aghion & Richard Blundell & Rachel Griffith & Peter Howitt & Susanne Prantl, 2009.
"The Effects of Entry on Incumbent Innovation and Productivity,"
The Review of Economics and Statistics, MIT Press, vol. 91(1), pages 20-32, February.
- Blundell, Richard & Howitt, Peter & Aghion, Philippe & Griffith, Rachel & Prantl, Susanne, 2005. "The Effects of Entry on Incumbent Innovation and Productivity," CEPR Discussion Papers 5323, C.E.P.R. Discussion Papers.
- Richard, Blundell & Rachel, Griffith & Peter, Howitt & Susanne, Prantl & Aghion, Philippe, 2009. "The Effects of Entry on Incumbent Innovation and Productivity," Scholarly Articles 4554222, Harvard University Department of Economics.
- Philippe Aghion & Richard Blundell & Rachel Griffith & Peter Howitt & Susanne Prantl, 2006. "The Effects of Entry on Incumbent Innovation and Productivity," NBER Working Papers 12027, National Bureau of Economic Research, Inc.
- Aghion, Philippe & Blundell, Richard & Griffith, Rachel & Howitt, Peter & Prantl, Susanne, 2006. "The effects of entry on incumbent innovation and productivity," Discussion Papers, Research Unit: Competition and Innovation SP II 2006-18, WZB Berlin Social Science Center.
- Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2021.
"What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?,"
Econometrica, Econometric Society, vol. 89(5), pages 2303-2339, September.
- Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2015. "What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Dynamics?," Staff Reports 710, Federal Reserve Bank of New York.
- Matthew D. Cocci & Mikkel Plagborg-M{o}ller, 2021. "Standard Errors for Calibrated Parameters," Papers 2109.08109, arXiv.org, revised Jun 2024.
- Pablo D Fajgelbaum & Eduardo Morales & Juan Carlos Suárez Serrato & Owen Zidar, 2019.
"State Taxes and Spatial Misallocation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(1), pages 333-376.
- Pablo D. Fajgelbaum & Eduardo Morales & Juan Carlos Suárez Serrato & Owen M. Zidar, 2015. "State Taxes and Spatial Misallocation," NBER Working Papers 21760, National Bureau of Economic Research, Inc.
- Owen Zidar & Juan Carlos Serrato & Eduardo Morales & Pablo Fajgelbaum, 2015. "State Taxes and Spatial Misallocation," 2015 Meeting Papers 877, Society for Economic Dynamics.
- Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2014.
"Income Taxation of U.S. Households: Facts and Parametric Estimates,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 559-581, October.
- Guner, Nezih & Ventura, Gustavo & Kaygusuz, Remzi, 2012. "Income Taxation of U.S. Households: Facts and Parametric Estimates," CEPR Discussion Papers 9078, C.E.P.R. Discussion Papers.
- Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2013. "Income Taxation of U.S. Households: Facts and Parametric Estimates," Working Papers 705, Barcelona School of Economics.
- Feldstein, Martin, 1995.
"The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act,"
Journal of Political Economy, University of Chicago Press, vol. 103(3), pages 551-572, June.
- Feldstein, Martin, 1995. "Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act," Scholarly Articles 2766676, Harvard University Department of Economics.
- Fatih Guvenen & Gueorgui Kambourov & Burhan Kuruscu & Sergio Ocampo & Daphne Chen, 2023.
"Use It or Lose It: Efficiency and Redistributional Effects of Wealth Taxation,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 138(2), pages 835-894.
- Sergio Ocampo & Fatih Guvenen & Gueorgui Kambourov & Burhan Kuruscu & Daphne Chen, 2022. "Use It or Lose It: Efficiency and Redistributional Effects of Wealth Taxation," University of Western Ontario, Departmental Research Report Series 202214, University of Western Ontario, Department of Economics.
- Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2016.
"Heterogeneity and Government revenues: Higher taxes at the top?,"
Journal of Monetary Economics, Elsevier, vol. 80(C), pages 69-85.
- Guner, Nezih & Ventura, Gustavo & Lopez-Daneri, Martin, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," CEPR Discussion Papers 10071, C.E.P.R. Discussion Papers.
- Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," IZA Discussion Papers 8335, Institute of Labor Economics (IZA).
- Matthew Smith & Danny Yagan & Owen Zidar & Eric Zwick, 2019.
"Capitalists in the Twenty-First Century,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(4), pages 1675-1745.
- Smith, Matthew & Yagan, Danny & Zidar, Owen M. & Zwick, Eric, 2017. "Capitalists in the Twenty-First Century," Working Papers 271, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Matthew Smith & Danny Yagan & Owen M. Zidar & Eric Zwick, 2019. "Capitalists in the Twenty-First Century," NBER Working Papers 25442, National Bureau of Economic Research, Inc.
- Christina D. Romer & David H. Romer, 2014.
"The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era,"
American Economic Journal: Economic Policy, American Economic Association, vol. 6(3), pages 242-281, August.
- Christina D. Romer & David H. Romer, 2012. "The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era," NBER Working Papers 17860, National Bureau of Economic Research, Inc.
- Karen Kopecky & Richard Suen, 2010.
"Finite State Markov-chain Approximations to Highly Persistent Processes,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(3), pages 701-714, July.
- Kopecky, Karen A. & Suen, Richard M. H., 2009. "Finite State Markov-Chain Approximations to Highly Persistent Processes," MPRA Paper 15122, University Library of Munich, Germany.
- Kopecky, Karen A. & Suen, Richard M. H., 2009. "Finite State Markov-Chain Approximations to Highly Persistent Processes," MPRA Paper 17201, University Library of Munich, Germany.
- Karen A. Kopecky & Richard M. H. Suen, 2009. "Finite State Markov-Chain Approximations to Highly Persistent Processes," Working Papers 200904, University of California at Riverside, Department of Economics, revised May 2009.
- Jorge Guzman & Scott Stern, 2020. "The State of American Entrepreneurship: New Estimates of the Quantity and Quality of Entrepreneurship for 32 US States, 1988–2014," American Economic Journal: Economic Policy, American Economic Association, vol. 12(4), pages 212-243, November.
- Greg Kaplan & Giovanni L. Violante, 2014.
"A Model of the Consumption Response to Fiscal Stimulus Payments,"
Econometrica, Econometric Society, vol. 82(4), pages 1199-1239, July.
- Violante, Giovanni & Kaplan, Greg, 2011. "A Model of the Consumption Response to Fiscal Stimulus Payments," CEPR Discussion Papers 8562, C.E.P.R. Discussion Papers.
- Greg Kaplan & Giovanni L. Violante, 2011. "A Model of the Consumption Response to Fiscal Stimulus Payments," NBER Working Papers 17338, National Bureau of Economic Research, Inc.
- Gianluca Violante & Greg Kaplan, 2011. "A Model of the Consumption Response to Fiscal Stimulus Payments," 2011 Meeting Papers 243, Society for Economic Dynamics.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2020.
"Heterogeneity and Persistence in Returns to Wealth,"
Econometrica, Econometric Society, vol. 88(1), pages 115-170, January.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2016. "Heterogeneity and Persistence in Returns to Wealth," EIEF Working Papers Series 1615, Einaudi Institute for Economics and Finance (EIEF), revised Nov 2016.
- Andreas Fagereng & Luigi Guiso & Mr. Davide Malacrino & Luigi Pistaferri, 2018. "Heterogeneity and Persistence in Returns to Wealth," IMF Working Papers 2018/171, International Monetary Fund.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2018. "Heterogeneity and Persistence in Returns to Wealth," CESifo Working Paper Series 7107, CESifo.
- Guiso, Luigi & Pistaferri, Luigi & Fagereng, Andreas & Malacrino, Davide, 2016. "Heterogeneity and Persistence in Returns to Wealth," CEPR Discussion Papers 11635, C.E.P.R. Discussion Papers.
- Andreas Fagereng & Luigi Guiso & Luigi Pistaferri & Davide Malacrino, 2019. "Heterogeneity and persistence in returns to wealth," Discussion Papers 912, Statistics Norway, Research Department.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2016. "Heterogeneity and Persistence in Returns to Wealth," NBER Working Papers 22822, National Bureau of Economic Research, Inc.
- Juan Carlos Conesa & Sagiri Kitao & Dirk Krueger, 2009.
"Taxing Capital? Not a Bad Idea after All!,"
American Economic Review, American Economic Association, vol. 99(1), pages 25-48, March.
- Juan C. Conesa & Dirk Krueger, 2004. "Taxing Capital: Not a Bad Idea After All," 2004 Meeting Papers 403, Society for Economic Dynamics.
- Conesa, Juan Carlos & Kitao, Sagiri & Krueger, Dirk, 2006. "Taxing capital? Not a bad idea after all!," CFS Working Paper Series 2006/21, Center for Financial Studies (CFS).
- Conesa, Juan Carlos & Krueger, Dirk & Kitao, Sagiri, 2006. "Taxing Capital? Not a Bad Idea After All!," CEPR Discussion Papers 5929, C.E.P.R. Discussion Papers.
- Juan Carlos Conesa & Sagiri Kitao & Dirk Krueger, 2007. "Taxing Capital? Not a Bad Idea After All!," NBER Working Papers 12880, National Bureau of Economic Research, Inc.
- Feldstein, Martin, 1995.
"The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act,"
Journal of Political Economy, University of Chicago Press, vol. 103(3), pages 551-572, June.
- Martin Feldstein, 1993. "The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the1986 Tax Reform Act," NBER Working Papers 4496, National Bureau of Economic Research, Inc.
- Alessandro Di Nola & Georgi Kocharkov & Almuth Scholl & Anna-Mariia Tkhir, 2021.
"The Aggregate Consequences of Tax Evasion,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 198-227, April.
- Di Nola, Alessandro & Kocharkov, Georgi & Scholl, Almuth & Tkhir, Anna-Mariia, 2018. "The Aggregate Consequences of Tax Evasion," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181514, Verein für Socialpolitik / German Economic Association.
- Alessandro Di Nola & Georgi Kocharkov & Almuth Scholl & Anna-Mariia Tkhir, 2018. "The Aggregate Consequences of Tax Evasion," Working Paper Series of the Department of Economics, University of Konstanz 2018-06, Department of Economics, University of Konstanz.
- Emmanuel Saez & Gabriel Zucman, 2020.
"Trends in US Income and Wealth Inequality: Revising After the Revisionists,"
Working Papers
halshs-03022102, HAL.
- Emmanuel Saez & Gabriel Zucman, 2020. "Trends in US Income and Wealth Inequality: Revising After the Revisionists," NBER Working Papers 27921, National Bureau of Economic Research, Inc.
- Kumar, Anil & Liang, Che-Yuan, 2020.
"Estimating taxable income responses with elasticity heterogeneity,"
Journal of Public Economics, Elsevier, vol. 188(C).
- Anil Kumar & Che-Yuan Liang, 2016. "Estimating Taxable Income Responses with Elasticity Heterogeneity," Working Papers 1611, Federal Reserve Bank of Dallas.
- Kumar, Anil & Liang, Che-Yuan, 2017. "Estimating Taxable Income Responses with Elasticity Heterogeneity," Working Paper Series 2017:5, Uppsala University, Department of Economics.
- Robert J. Barro & Charles J. Redlick, 2011.
"Macroeconomic Effects From Government Purchases and Taxes,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(1), pages 51-102.
- Robert J. Barro & Charles J. Redlick, 2009. "Macroeconomic Effects from Government Purchases and Taxes," NBER Working Papers 15369, National Bureau of Economic Research, Inc.
- Robert Barro, 2011. "Macroeconomic Effects from Government Purchases and Taxes," Annual Meeting Plenary 2011-1, Society for Economic Dynamics.
- Barro, Robert J. & Redlick, Charles J., 2010. "Macroeconomic Effects from Government Purchases and Taxes," ADB Economics Working Paper Series 232, Asian Development Bank.
- Ana Castaneda & Javier Diaz-Gimenez & Jose-Victor Rios-Rull, 2003. "Accounting for the U.S. Earnings and Wealth Inequality," Journal of Political Economy, University of Chicago Press, vol. 111(4), pages 818-857, August.
- Unknown, 1986. "Letters," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 1(4), pages 1-9.
- Greg Kaplan, 2012.
"Inequality and the life cycle,"
Quantitative Economics, Econometric Society, vol. 3(3), pages 471-525, November.
- Greg Kaplan, 2007. "Inequality and the Lifecycle," 2007 Meeting Papers 262, Society for Economic Dynamics.
- Greg Kaplan, 2011. "Inequality and the Lifecycle," PIER Working Paper Archive 11-014, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Greg Kaplan, 2010. "Inequality and the Lifecycle," 2010 Meeting Papers 135, Society for Economic Dynamics.
- James Cloyne, 2013. "Discretionary Tax Changes and the Macroeconomy: New Narrative Evidence from the United Kingdom," American Economic Review, American Economic Association, vol. 103(4), pages 1507-1528, June.
- Katya Kartashova, 2014.
"Private Equity Premium Puzzle Revisited,"
American Economic Review, American Economic Association, vol. 104(10), pages 3297-3334, October.
- Katya Kartashova, 2011. "The Private Equity Premium Puzzle Revisited," Staff Working Papers 11-6, Bank of Canada.
- Emmanuel Saez & Joel Slemrod & Seth H. Giertz, 2012.
"The Elasticity of Taxable Income with Respect to Marginal Tax Rates: A Critical Review,"
Journal of Economic Literature, American Economic Association, vol. 50(1), pages 3-50, March.
- Emmanuel Saez & Joel B. Slemrod & Seth H. Giertz, 2009. "The Elasticity of Taxable Income with Respect to Marginal Tax Rates: A Critical Review," NBER Working Papers 15012, National Bureau of Economic Research, Inc.
- Laurent Bach & Laurent E. Calvet & Paolo Sodini, 2020. "Rich Pickings? Risk, Return, and Skill in Household Wealth," American Economic Review, American Economic Association, vol. 110(9), pages 2703-2747, September.
- Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2014.
"Income Taxation of U.S. Households: Facts and Parametric Estimates,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 559-581, October.
- Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2014. "Online appendix to "Income Taxation of U.S. Households: Facts and Parametric Estimates"," Online Appendices 11-141, Review of Economic Dynamics.
- Gouveia, Miguel & Strauss, Robert P., 1994. "Effective Federal Individual Tax Functions: An Exploratory Empirical Analysis," National Tax Journal, National Tax Association;National Tax Journal, vol. 47(2), pages 317-339, June.
- Jess Benhabib & Alberto Bisin & Mi Luo, 2019.
"Wealth Distribution and Social Mobility in the US: A Quantitative Approach,"
American Economic Review, American Economic Association, vol. 109(5), pages 1623-1647, May.
- Jess Benhabib & Alberto Bisin & Mi Luo, 2015. "Wealth Distribution and Social Mobility in the US: A Quantitative Approach," NBER Working Papers 21721, National Bureau of Economic Research, Inc.
- Facundo Alvaredo & Lucas Chancel & Thomas Piketty & Gabriel Zucman, 2018.
"Distributional National Accounts,"
Post-Print
halshs-03342488, HAL.
- Facundo Alvaredo & Lucas Chancel & Thomas Piketty & Gabriel Zucman, 2018. "Distributional National Accounts," PSE-Ecole d'économie de Paris (Postprint) halshs-03342488, HAL.
- Sebastian Dyrda & Marcelo Pedroni, 2023. "Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Income Risk," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(2), pages 744-780.
- Matthew D. Cocci & Mikkel Plagborg-Møller, 2021. "Standard Errors for Calibrated Parameters," Working Papers 2021-20, Princeton University. Economics Department..
- Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2014.
"Consumption and Labor Supply with Partial Insurance: An Analytical Framework,"
American Economic Review, American Economic Association, vol. 104(7), pages 2075-2126, July.
- Kjetil Storesletten & Gianluca Violante & Jonathan Heathcote, 2007. "Consumption and Labor Supply with Partial Insurance: An Analytical Framework," 2007 Meeting Papers 913, Society for Economic Dynamics.
- Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009. "Consumption and Labor Supply with Partial Insurance: An Analytical Framework," NBER Working Papers 15257, National Bureau of Economic Research, Inc.
- Storesletten, Kjetil & Violante, Giovanni & Heathcote, Jonathan, 2007. "Consumption and Labour Supply with Partial Insurance: An Analytical Framework," CEPR Discussion Papers 6280, C.E.P.R. Discussion Papers.
- William B. Peterman, 2016.
"Reconciling Micro And Macro Estimates Of The Frisch Labor Supply Elasticity,"
Economic Inquiry, Western Economic Association International, vol. 54(1), pages 100-120, January.
- William B. Peterman, 2012. "Reconciling micro and macro estimates of the Frisch labor supply elasticity," Finance and Economics Discussion Series 2012-75, Board of Governors of the Federal Reserve System (U.S.).
- Gouveia, Miguel & Strauss, Robert P., 1994. "Effective Federal Individual Tax Functions: An Exploratory Empirical Analysis," National Tax Journal, National Tax Association, vol. 47(2), pages 317-39, June.
- Nathaniel Hendren, 2016. "The Policy Elasticity," Tax Policy and the Economy, University of Chicago Press, vol. 30(1), pages 51-89.
- Matthew Smith & Owen Zidar & Eric Zwick, 2023. "Top Wealth in America: New Estimates Under Heterogeneous Returns," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 138(1), pages 515-573.
- Shinichi Nishiyama & Kent Smetters, 2005. "Consumption Taxes and Economic Efficiency with Idiosyncratic Wage Shocks," Journal of Political Economy, University of Chicago Press, vol. 113(5), pages 1088-1115, October.
- Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2012. "Taxation and Household Labour Supply," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(3), pages 1113-1149.
- Fabian Kindermann & Dirk Krueger, 2022. "High Marginal Tax Rates on the Top 1 Percent? Lessons from a Life-Cycle Model with Idiosyncratic Income Risk," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(2), pages 319-366, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Luisa Fuster, 2022. "Macroeconomic and distributive effects of increasing taxes in Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(4), pages 613-648, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal tax changes with risky investment," Working Papers 2116, Banco de España.
- Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2022.
"Taxing Consumption in Unequal Economies,"
Economics Discussion Paper Series
2210, Economics, The University of Manchester.
- Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2023. "Taxing consumption in unequal economies," Working Papers 2331, Banco de España.
- Maren Froemel & Charles Gottlieb, 2021.
"The Earned Income Tax Credit: Targeting the poor but crowding out wealth,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(1), pages 193-227, February.
- Froemel, M. & Gottlieb, C., 2016. "The Earned Income Tax Credit: Targeting the Poor but Crowding Out Wealth," Cambridge Working Papers in Economics 1651, Faculty of Economics, University of Cambridge.
- Froemel, Maren & Gottlieb, Charles, 2021. "The earned income tax credit: targeting the poor but crowding out wealth," Bank of England working papers 903, Bank of England.
- Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2016.
"Heterogeneity and Government revenues: Higher taxes at the top?,"
Journal of Monetary Economics, Elsevier, vol. 80(C), pages 69-85.
- Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," IZA Discussion Papers 8335, Institute of Labor Economics (IZA).
- Guner, Nezih & Ventura, Gustavo & Lopez-Daneri, Martin, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," CEPR Discussion Papers 10071, C.E.P.R. Discussion Papers.
- Karel Mertens & José Luis Montiel Olea, 2018.
"Marginal Tax Rates and Income: New Time Series Evidence,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(4), pages 1803-1884.
- Karel Mertens & José L. Montiel Olea, 2013. "Marginal Tax Rates and Income: New Time Series Evidence," NBER Working Papers 19171, National Bureau of Economic Research, Inc.
- Mertens, Karel, 2015. "Marginal Tax Rates and Income: New Time Series Evidence," CEPR Discussion Papers 10896, C.E.P.R. Discussion Papers.
- Kaymak, Barıș & Leung, David & Poschke, Markus, 2020. "Accounting for Wealth Concentration in the US," IZA Discussion Papers 13082, Institute of Labor Economics (IZA).
- Luisa Fuster, 2022. "Macroeconomic and distributive effects of increasing taxes in Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(4), pages 613-648, December.
- Aditya Aladangady & Etienne Gagnon & Benjamin K. Johannsen & William B. Peterman, 2021. "Macroeconomic Implications of Inequality and Income Risk," Finance and Economics Discussion Series 2021-073, Board of Governors of the Federal Reserve System (U.S.).
- Nezih Guner & Martin Lopez-Daneri & Gustavo Ventura, 2023.
"The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 50, pages 146-170, October.
- Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2023. "The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues," CEPR Discussion Papers 17795, C.E.P.R. Discussion Papers.
- Nezih Guner & Martin Lopez-Daneri & Gustavo Ventura, 2023. "Code and data files for "The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues"," Computer Codes 23-144, Review of Economic Dynamics.
- Axelle Ferriere & Gaston Navarro, 2013.
"The Heterogeneous Effects of Government Spending: It's All About Taxes,"
Working Papers
13-18, New York University, Leonard N. Stern School of Business, Department of Economics.
- Axelle Ferrière & Gaston Navarro, 2018. "The Heterogeneous Effects of Government Spending : It’s All About Taxes," International Finance Discussion Papers 1237, Board of Governors of the Federal Reserve System (U.S.).
- Gaston Navarro & Axelle Ferriere, 2016. "The Heterogeneous Effects of Government Spending: It's All About Taxes," 2016 Meeting Papers 1286, Society for Economic Dynamics.
- Shahar Rotberg & Joseph B. Steinberg, 2024. "Tax Evasion and Capital Taxation," Journal of Political Economy, University of Chicago Press, vol. 132(7), pages 2488-2529.
- Sang Yoon (Tim) Lee, 2019.
"Entrepreneurs, managers and inequality,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 42-67, April.
- Lee, Sang Yoon Tim, 2012. "Entrepreneurs, Managers and Inequality," Working Papers 12-15, University of Mannheim, Department of Economics.
- Sang Yoon (Tim) Lee, 2019. "Online Appendix to "Entrepreneurs, managers and inequality"," Online Appendices 18-331, Review of Economic Dynamics.
- Sang Yoon (Tim) Lee, 2019. "Code and data files for "Entrepreneurs, managers and inequality"," Computer Codes 18-331, Review of Economic Dynamics.
- Uribe-Terán, Carlos, 2021. "Higher taxes at the top? The role of tax avoidance," Journal of Economic Dynamics and Control, Elsevier, vol. 129(C).
- Musab Kurnaz & Terry A. Yip, 2022. "The Canadian income taxation: Statistical analysis and parametric estimates," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(1), pages 272-311, February.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2020.
"Heterogeneity and Persistence in Returns to Wealth,"
Econometrica, Econometric Society, vol. 88(1), pages 115-170, January.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2016. "Heterogeneity and Persistence in Returns to Wealth," EIEF Working Papers Series 1615, Einaudi Institute for Economics and Finance (EIEF), revised Nov 2016.
- Andreas Fagereng & Luigi Guiso & Luigi Pistaferri & Davide Malacrino, 2019. "Heterogeneity and persistence in returns to wealth," Discussion Papers 912, Statistics Norway, Research Department.
- Andreas Fagereng & Luigi Guiso & Mr. Davide Malacrino & Luigi Pistaferri, 2018. "Heterogeneity and Persistence in Returns to Wealth," IMF Working Papers 2018/171, International Monetary Fund.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2018. "Heterogeneity and Persistence in Returns to Wealth," CESifo Working Paper Series 7107, CESifo.
- Guiso, Luigi & Pistaferri, Luigi & Fagereng, Andreas & Malacrino, Davide, 2016. "Heterogeneity and Persistence in Returns to Wealth," CEPR Discussion Papers 11635, C.E.P.R. Discussion Papers.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2016. "Heterogeneity and Persistence in Returns to Wealth," NBER Working Papers 22822, National Bureau of Economic Research, Inc.
- Daphne Chen & Shi Qi & Don Schlagenhauf, 2018.
"Corporate Income Tax, Legal Form of Organization, and Employment,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 10(4), pages 270-304, October.
- Daphne Chen & Shi Qi & Don E. Schlagenhauf, 2014. "Corporate income tax, legal form of organization, and employment," Working Papers 2014-18, Federal Reserve Bank of St. Louis.
- Don Schlagenhauf, 2018. "Corporate Income Tax, Legal Form of Organization, and Employment," 2018 Meeting Papers 334, Society for Economic Dynamics.
- Daphne Chen & Shi Qi & Don E. Schlagenhauf, 2017. "Corporate Income Tax, Legal Form of Organization, and Employment," Working Papers 2017-21, Federal Reserve Bank of St. Louis.
- Gunter, Samara & Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2021.
"Non-linear effects of tax changes on output: The role of the initial level of taxation,"
Journal of International Economics, Elsevier, vol. 131(C).
- Gunter,Samara & Riera-Crichton,Daniel & Vegh Gramont,Carlos Alberto & Vuletin,Guillermo Javier, 2018. "Non-Linear Effects of Tax Changes on Output : The Role of the Initial Level of Taxation," Policy Research Working Paper Series 8668, The World Bank.
- Samara Gunter & Daniel Riera-Crichton & Carlos Vegh & Guillermo Vuletin, 2019. "Non-Linear Effects of Tax Changes on Output: The Role of the Initial Level of Taxation," NBER Working Papers 26570, National Bureau of Economic Research, Inc.
- Vogel, Edgar, 2014. "Optimal Level of Government Debt: Matching Wealth Inequality and the Fiscal Sector," MEA discussion paper series 201410, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Jung, Juergen & Tran, Chung, 2022.
"Social health insurance: A quantitative exploration,"
Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
- Juergen Jung & Chung Tran, 2015. "Social Health Insurance: A Quantitative Exploration," ANU Working Papers in Economics and Econometrics 2015-629, Australian National University, College of Business and Economics, School of Economics.
- Juergen Jung & Chung Tran, 2019. "Social Health Insurance: A Quantitative Exploration," 2019 Meeting Papers 690, Society for Economic Dynamics.
- Juergen Jung & Chung Tran, 2016. "Social Health Insurance: A Quantitative Exploration," Working Papers 2016-02, Towson University, Department of Economics, revised Apr 2022.
- Gaillard, Alexandre & Hellwig, Christian & Wangner, Philipp & Werquin, Nicolas, 2023.
"Consumption, Wealth, and Income Inequality: A Tale of Tails,"
TSE Working Papers
23-1493, Toulouse School of Economics (TSE).
- Alexandre Gaillard & Christian Hellwig & Philipp Wangner & Nicolas Werquin, 2023. "Consumption, Wealth, and Income Inequality: A Tale of Tails," Working Paper Series WP 2023-43, Federal Reserve Bank of Chicago.
More about this item
Keywords
Marginal tax rate changes; Elasticity of taxable income; Life-cycle; Entrepreneurs; Structural estimation;All these keywords.
JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
- H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:moneco:v:142:y:2024:i:c:s0304393223001010. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505566 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.