| Empirical Foundations of Household Taxation Contributor(s): Feldstein, Martin (Editor), Poterba, James M. (Editor) |
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ISBN: 0226240975 ISBN-13: 9780226240978 Publisher: University of Chicago Press OUR PRICE: $82.65 Product Type: Hardcover - Other Formats Published: August 1996 Annotation: Historically, tax policy debates - and reforms - have depended heavily on estimates of how alternative tax rules would affect household and firm behavior. Research showing that capital gains realizations were very sensitive to capital gains tax rates played an important role in the 1978 capital gains tax reform. The 1981 Economic Recovery Tax Act was bolstered by studies suggesting that reductions in marginal tax rates would increase household labor supply and saving. In the early 1990s, federal tax policy debates focused on how raising marginal tax rates would affect household behavior and reported taxable income. Despite decades of interest by scholars and policy makers in the effect of tax policy on household behavior, there is still considerable controversy about the key empirical links among tax rates, household behavior, and revenue collections. The eight papers in this volume present new statistical findings on how taxes affect a range of household decisions, including labor supply, saving, choice of health insurance plan, choice of child care arrangements, portfolio choice, and tax evasion. They also present new analytical results on the effects of different types of tax policy. All of this research relies on household-level data - drawn either from public-use tax return files provided by the U.S. Treasury or from large household-level surveys - to explore various aspects of the relationship between taxes and household behavior. |
| Additional Information |
| BISAC Categories: - Business & Economics | Taxation - General |
| Dewey: 336.200 |
| LCCN: 95053960 |
| Series: National Bureau of Economic Research Project Report |
| Physical Information: 0.96" H x 6.3" W x 9.28" (1.26 lbs) 300 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Tax policy debates--and reforms--depend heavily on estimates of how alternative tax rules would affect behavior. Yet there is considerable controversy about the key empirical links among tax rates, household decisions, and revenue collections. The nine papers in this volume exploit the substantial variation in U.S. tax policy during the last two decades to investigate how taxes affect a range of household behavior, including labor-force participation, saving behavior, choice of health insurance plan, choice of child care arrangements, portfolio choice, and tax evasion. They also present new analytical results on the effects of different types of tax policy. All of this research relies on household-level data--drawn either from public-use tax return files or from large household-level surveys--to explore various aspects of the relationship between taxes and household behavior. As debates about the effects of proposed tax reforms continue in the 1990s, this volume will be of interest to policy makers and scholars in the field of public finance. |
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. |