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 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
This study evaluates the reporting of income as taxpayers may attempt to take advantage of the diff...
In the division of scal responsibilities between central and local governments, it is usually argue...
Both personal bankruptcy and redistributive taxes can insure households’ consumption risk and both v...
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...
If households face uninsurable idiosyncratic earnings risk, theory predicts that redistributive tax ...
Abstract—If households face uninsurable idiosyncratic earnings risk, theory predicts that redistribu...
The taxation of income is usually criticized for the efficiency loss that results from distorting th...
This paper uses panel data on household consumption and income to evaluate the degree of insurance t...
Certain types of expenditure--e.g. mortgage interest and medical insurance- receive favorable tax tr...
In the division of scal responsibilities between central and local governments, it is usually argued...
Most of the existing literature on the optimal shape of income tax has a common result-decreasing ma...
This Paper uses panel data on household consumption and income to evaluate the degree of insurance t...
We examine the relative dynamic responses of state personal tax revenues and sales tax bases to chan...
A fundamental property of a progressive income tax is that it provides implicit insurance against sh...
This study evaluates the reporting of income as taxpayers may attempt to take advantage of the diff...
In the division of scal responsibilities between central and local governments, it is usually argue...
Both personal bankruptcy and redistributive taxes can insure households’ consumption risk and both v...
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...
If households face uninsurable idiosyncratic earnings risk, theory predicts that redistributive tax ...
Abstract—If households face uninsurable idiosyncratic earnings risk, theory predicts that redistribu...
The taxation of income is usually criticized for the efficiency loss that results from distorting th...
This paper uses panel data on household consumption and income to evaluate the degree of insurance t...
Certain types of expenditure--e.g. mortgage interest and medical insurance- receive favorable tax tr...
In the division of scal responsibilities between central and local governments, it is usually argued...
Most of the existing literature on the optimal shape of income tax has a common result-decreasing ma...
This Paper uses panel data on household consumption and income to evaluate the degree of insurance t...
We examine the relative dynamic responses of state personal tax revenues and sales tax bases to chan...
A fundamental property of a progressive income tax is that it provides implicit insurance against sh...
This study evaluates the reporting of income as taxpayers may attempt to take advantage of the diff...
In the division of scal responsibilities between central and local governments, it is usually argue...
Both personal bankruptcy and redistributive taxes can insure households’ consumption risk and both v...