Trends in federal tax progressivity, 1980–93

Kasten, Richard; Sammartino, Frank; Toder, Eric

doi:10.1017/cbo9780511571824.003

Cited by 41 publications

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“…, 1984-2009Concept 1985-19891990-1994 Reduction in the number of tax -brackets (1987,1988,1989) Reduction of the top tax rate (1987,1988,1989) Expansion of the threshold of minimum tax rate (1987,1988) …”

Section: Resultsmentioning

confidence: 99%

“…Groups, 1984-2009Tax Laws Applied to 2004Income 198419891994199920042009Growth rates, 1984-1989Growth rates, 1994-1999 Notes : Redistributive effects are measured by the RS (Reynolds-Smolensky) indices related to each income component. "Total" refers to the overall redistributive effect of labor income tax; "Rate effect" the redistributive effect of labor income tax rates; "Base effect" the effect of deductions for labor income; "Credit effect" the effect of tax credits for labor income.…”

Section: Resultsmentioning

confidence: 99%

“…To assess the redistributive effects from a longitudinal perspective, we adopt the "fixed income" approach pioneered by Kasten et al (1994). This methodology calculates taxable income and tax liabilities by fixing applied income in order to identify the effects of policy reforms from a longitudinal viewpoint.…”

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Tax Reforms, Redistribution and Population Aging: Evidence from Japan

2016

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In the 1980s, income tax rates decreased and income tax deduction thresholds changed through income tax reforms in the OECD countries. Likewise, in Japan in the 1980s and 1990s, income tax rates decreased and the income tax deduction threshold increased. Recently, it has been pointed out that inequality and redistribution vary over different age groups. This study attempts to explore how different the redistributive effects of the income tax reforms in Japan are among various age groups, using Japanese household microdata for the period 1984-2009. The following results are obtained. First, the overall redistributive effect was greatest for the elderly group, followed by the middle-age group, and then the young group for the period 1984-2009. Furthermore, this trend increased steadily over time. Second, the difference in the total redistributive effect between the young and elderly increased owing to a large reduction in the base effect for the young. Third, the redistributive effect of income tax 1 Corresponding Author. Tel.: +81-(0)92-642-4272; fax: +81-(0)92-642-4272; e-mail: tmiyazak@econ.kyushuu.ac.jp. 2for the older elderly group is smaller than that for the younger elderly group. The consequences from Japan's experience could provide insightful suggestions for redistribution policies in other countries, most of which will face an aging society in the future.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

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Tax Reforms, Redistribution and Population Aging: Evidence from Japan

2016

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“…Not the least from a policymaking perspective, it is of great interest to isolate the effects of tax policies in order to obtain a better understanding of the driving forces behind a particular observed pattern. The literature has offered some suggestions to obtain more detailed information on tax policy effects, and two such efforts are the approaches proposed by Kasten, Sammartino and Toder (1994) and Dardanoni and Lambert (2002). Kasten, Sammartino and Toder (1994) suggest to identify effects of tax policy changes through a "fixed-income" approach, which means that pre-tax income distributions are kept fixed, a base year being chosen and exposed to taxation as per the various tax schemes of the period.…”

Section: Introductionmentioning

confidence: 99%

“…

AbstractThe analysis contrasts results of two recently expounded micro-level data approaches to derive robust intertemporal characterizations of redistributional effects of income tax schedules; the fixed-income procedure of Kasten, Sammartino and Toder (1994) and the transplant-and-compare method of Dardanoni and Lambert (2002). Our study is normative in that the Blackorby and Donaldson (1984) index of tax progressivity is employed.

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confidence: 99%

Base independence in the analysis of tax policy effects: with an application to Norway 1992–2004

Lambert

Thoresen

2008

Int Tax Public Finance

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The analysis contrasts results of two recently expounded micro-level data approaches to derive robust intertemporal characterizations of redistributional effects of income tax schedules; the fixed-income procedure of Kasten, Sammartino and Toder (1994) and the transplant-and-compare method of Dardanoni and Lambert (2002). Our study is normative in that the Blackorby and Donaldson (1984) index of tax progressivity is employed. This enables contributions from vertical redistribution and horizontal inequity also to be assessed, using for the latter one classical measure and one no reranking measure. When the competing methodologies are applied to Norwegian data for 1992-2004, their respective strengths and weaknesses are revealed. The transplant-and-compare procedure is found to have a number of advantages.

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The Incidence of Deficit Finance with Imperfect Capital Markets

Ben-Gad

2000

Southern Economic Journal

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The purpose of this paper is to examine the possible differential welfare implications of deficit finance using a portfolio allocation model. To analyze the incidence of changing the time path of taxation in an economy with heterogeneous agents, I develop a two‐period, general equilibrium extension of work done previously to analyze the effects of taxation on risk‐taking at the individual level. Constraints on short sales of assets are introduced, and fiscal policy, changing the timing of taxation, will indirectly determine which of these constraints bind as well as alter relative tax burdens. Changes in the timing of a flat‐rate tax will also alter equilibrium asset returns, and because preferences are such that agents differ in their tolerance of risk, a Pareto frontier can be derived over a range of different levels of deficit finance.

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Trends in federal tax progressivity, 1980–93

Cited by 41 publications

References 0 publications

Tax Reforms, Redistribution and Population Aging: Evidence from Japan

Tax Reforms, Redistribution and Population Aging: Evidence from Japan

Base independence in the analysis of tax policy effects: with an application to Norway 1992–2004

The Incidence of Deficit Finance with Imperfect Capital Markets

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