Add to ORKGMarginal income taxes may have an insurance effect by decreasing the effective fluctuations of after-tax individual income. By compressing the idiosyncratic component o 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
A fundamental property of a progressive income tax is that it provides implicit collective insurance...
The entire dissertation/thesis text is included in the research.pdf file; the official abstract appe...
We show theoretically that income redistribution benefits borrowingconstrained individuals more than...
Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after...
Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after...
peer reviewedIf households face uninsurable idiosyncratic earnings risk, theory predicts that re- d...
Abstract—If households face uninsurable idiosyncratic earnings risk, theory predicts that redistribu...
In the division of scal responsibilities between central and local governments, it is usually argued...
Various tax policies provide consumers with forms of insurance. Social security has the payoff chara...
The taxation of income is usually criticized for the efficiency loss that results from distorting th...
This article, in the statistical analysis of possible cointegration relationships among the variable...
Using a sample of seventy-seven countries, this paper focuses on marginal tax rates and the income t...
Certain types of expenditure--e.g. mortgage interest and medical insurance- receive favorable tax tr...
This paper focuses is on the potential role that taxation and public expenditure policies play in ge...
We quantitatively evaluate the effectiveness of a consumption tax and transfer pro- gram as insuranc...
A fundamental property of a progressive income tax is that it provides implicit collective insurance...
The entire dissertation/thesis text is included in the research.pdf file; the official abstract appe...
We show theoretically that income redistribution benefits borrowingconstrained individuals more than...
Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after...
Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after...
peer reviewedIf households face uninsurable idiosyncratic earnings risk, theory predicts that re- d...
Abstract—If households face uninsurable idiosyncratic earnings risk, theory predicts that redistribu...
In the division of scal responsibilities between central and local governments, it is usually argued...
Various tax policies provide consumers with forms of insurance. Social security has the payoff chara...
The taxation of income is usually criticized for the efficiency loss that results from distorting th...
This article, in the statistical analysis of possible cointegration relationships among the variable...
Using a sample of seventy-seven countries, this paper focuses on marginal tax rates and the income t...
Certain types of expenditure--e.g. mortgage interest and medical insurance- receive favorable tax tr...
This paper focuses is on the potential role that taxation and public expenditure policies play in ge...
We quantitatively evaluate the effectiveness of a consumption tax and transfer pro- gram as insuranc...
A fundamental property of a progressive income tax is that it provides implicit collective insurance...
The entire dissertation/thesis text is included in the research.pdf file; the official abstract appe...
We show theoretically that income redistribution benefits borrowingconstrained individuals more than...