| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17860 |
| 来源ID | Working Paper 17860 |
| The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era | |
| Christina D. Romer; David H. Romer | |
| 发表日期 | 2012-02-23 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper uses the interwar period in the United States as a laboratory for investigating the incentive effects of changes in marginal income tax rates. Marginal rates changed frequently and drastically in the 1920s and 1930s, and the changes varied greatly across income groups at the top of the income distribution. We examine the effect of these changes on taxable income using time-series/cross-section analysis of data on income and taxes by small slices of the income distribution. We find that the elasticity of taxable income to changes in the log after-tax share (one minus the marginal rate) is positive but small (approximately 0.2) and precisely estimated (a t-statistic over 6). The estimate is highly robust. We also examine the time-series response of available indicators of investment and entrepreneurial activity to changes in marginal rates. We find suggestive evidence of an impact on business formation, but no evidence of an important impact on other indicators. |
| 主题 | Macroeconomics ; Fiscal Policy ; Public Economics ; Taxation ; History ; Other History |
| URL | https://www.nber.org/papers/w17860 |
| 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/575535 |
| 推荐引用方式 GB/T 7714 | Christina D. Romer,David H. Romer. The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era. 2012. |
| 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 | ||
| w17860.pdf（929KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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