| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6720 |
| DP6720 The Effects of Technology Shocks on Hours and Output: A Robustness Analysis | |
| Fabio Canova; J David López-Salido; Claudio Michelacci | |
| 发表日期 | 2008-02-22 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after-tax individual income. By compressing the idiosyncratic component of personal income fluctuations, higher marginal taxes should be negatively correlated with the dispersion of consumption across households, a necessary implication of an insurance effect of taxation. Our study empirically examines this negative correlation, exploiting the ample variation of state taxes across US states. We show that taxes are negatively correlated with the consumption dispersion of the within-state distribution of non-durable consumption and that this correlation is robust. |
| 主题 | International Macroeconomics |
| 关键词 | Consumption insurance Tax distortions Undiversifiable earnings risk |
| URL | https://cepr.org/publications/dp6720 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535558 |
| 推荐引用方式 GB/T 7714 | Fabio Canova,J David López-Salido,Claudio Michelacci. DP6720 The Effects of Technology Shocks on Hours and Output: A Robustness Analysis. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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