| Behavioral Simulation Methods in Tax Policy Analysis Contributor(s): Feldstein, Martin (Editor) |
|
 |
ISBN: 0226240843 ISBN-13: 9780226240848 Publisher: University of Chicago Press OUR PRICE: $119.79 Product Type: Hardcover - Other Formats Published: May 1983 Annotation: These thirteen papers and accompanying commentaries are the first fruits of and ongoing research project that has concentrated on developing simulation models that incorporate the behavioral responses of individuals and businesses to alternative tax rules and rates and on expanding computational general equilibrium models that analyze the long-run effects of changes on the economy as a whole. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics |
| Dewey: 339.525 |
| LCCN: 82021766 |
| Series: National Bureau of Economic Research Project Report |
| Physical Information: 1.34" H x 6.39" W x 9.31" (1.82 lbs) 520 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: These thirteen papers and accompanying commentaries are the first fruits of an ongoing research project that has concentrated on developing simulation models that incorporate the behavioral responses of individuals and businesses to alternative tax rules and rates and on expanding computational general equilibrium models that analyze the long-run effects of changes on the economy as a whole. The principal focus of the project has been on the microsimulation of individual behavior. Thus, this volume includes studies of individual responses to an over reduction in tax rates and to changes in the highest tax rates; a study of alternative tax treatments of the family; and studies of such specific aspects of household behavior as tax treatment of home ownership, charitable contributions, and individual saving behavior. Microsimulation techniques are also used to estimate the effects of alternative policies on the long-run financial status of the social security program and to examine the effects of alternative tax rules on corporate investment and of foreign-source income on overseas investment. The papers devoted to the development of general equilibrium simulation models to include an examination of the implications of international trade and capital flows, a study of the effects of capital taxation that uses a closed economy equilibrium model, and an examination of the effect of switching to an inflation-indexed tax system. In the volume's final paper, a life-cycle model in which individuals maximize lifetime utility subject to a lifetime budget constraint is used to simulate the effects of tax rules on personal savings. |
Contributor Bio(s): Feldstein, Martin: - Martin Feldstein (1939-2019) was the George F. Baker Professor of Economics at Harvard University. From 1977 to 2008 he was president and CEO of the National Bureau of Economic Research. He was chairman of President Ronald Reagan's Council of Economic Advisers from 1982 to 1984. In 2006 he was appointed to the President's Foreign Intelligence Advisory Board under George W. Bush, and in 2009 he was named to the President's Economic Recovery Advisory Board by Barack Obama. He was the editor of many books published by the University of Chicago Press. |