Costs of taxation and the benefits of public goods: the role of income effects

"The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify much lower measures of the marginal welfare cost of taxes and greater public good provision than indicated by traditional, compensated analyses. The authors confirm that this differ...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Martin, Will 1953- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C] World Bank 2005
Schriftenreihe:Policy research working paper 3700
Schlagworte:
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Volltext
Zusammenfassung:"The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify much lower measures of the marginal welfare cost of taxes and greater public good provision than indicated by traditional, compensated analyses. The authors confirm that this difference remains substantial with newer elasticity estimates, but show that either compensated or uncompensated measures of the marginal cost of funds can be used to evaluate the costs of taxation-and will provide the same result-as long as the income effects of both taxes and public good provision are incorporated in a consistent manner. "--World Bank web site
Beschreibung:Includes bibliographical references. - Title from PDF file as viewed on 9/1/2005
Erscheinungsjahr in Vorlageform:[2005]
Beschreibung:1 Online-Ressource