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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w4177 |
来源ID | Working Paper 4177 |
Incidence and Allocation Effects of a State Fiscal Policy Shift: The Florio Initiatives in New Jersey | |
William T. Bogart; David F. Bradford; Michael G. Williams | |
发表日期 | 1992-10-01 |
出版年 | 1992 |
语种 | 英语 |
摘要 | We calculate the incidence of recent changes to the New Jersey state tax system on a sample of homeowners. Our analysis distinguishes between business-as-usual responses to an evolving fiscal situation and tax changes that constitute a surprise. The latter have incidence effects; the former do not. We conclude that, if the changes carried out by NJ Governor Jim Florio are regarded as permanent, they effected a one-time wealth redistribution from, on average, higher-income homeowners toward lower-income homeowners and from owners of suburban residential property toward owners of urban residential property. Although effects on the averages for identifiable groups are clear and significant there is very considerable variation in the effects on individual homeowners within groups. We also estimate the allocation effects of the tax changes using a general equilibrium model that incorporates the option of in-and out migration. The results suggest that the changes will induce a sizable migration of weal thy and high-income people out of the state. |
URL | https://www.nber.org/papers/w4177 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561532 |
推荐引用方式 GB/T 7714 | William T. Bogart,David F. Bradford,Michael G. Williams. Incidence and Allocation Effects of a State Fiscal Policy Shift: The Florio Initiatives in New Jersey. 1992. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w4177.pdf(315KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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