Tax-Based Incomes Policies

Incomes Policies Revisited*

In the literature on stagflation, various supply-side ‘incomes policies’ have been suggested as short-run stabilizing responses to imported materials price shocks of the kind experienced in the 1970s and 1980s. This study exploits recent developments in non-linear continuous-time econometrics to revisit the issue in three ways. First, it examines how a model of an economy susceptible to stagfla...

Optimal Marginal Tax Rates for Low Incomes:

Previous studies have shown that the optimal marginal tax rate at the bottom of the income distribution may be positive, negative, or even zero. This paper reexamines this problem in a unified framework and tries to evaluate the arguments. It turns out that the case for positive marginal tax rates is quite strong, whereas negative marginal tax rates seem to be based on a misconception.

Retirement Security and Tax Policies: A Reply

Empirical Analysis of the Correlation between Fiscality Rate-gdp-tax Incomes. Romania’s Case

1. Theoretical basis Studying the relation between the tax pressure and tax incomes, A. Laffer together with V.A. Canto and D.H. Joines (1978) in their paper " Taxation, GNP and Potential GNP " , reached the conclusion that the growth of the tax pressure does not necessarily determine the adequate accumulation of tax incomes, in exchange, the diminution of the tax pressure generates favorable c...

Nber Working Paper Series Reported Incomes and Marginal Tax Rates, 1960-2000: Evidence and Policy Implications

This paper use income tax return data from 1960 to 2000 to analyze the link between reported incomes and marginal tax rates. Only the top 1% incomes show evidence of behavioral responses to taxation. The data displays striking heterogeneity in the size of responses to tax changes overtime, with no response either short-term or long-term for the very large Kennedy top rate cuts in the early1960s...