Narrow search
Showing 1 - 2 of 2
Cover Image
Wagner's hypothesis: a local perspective
Eberts, Randall W.; Gronberg, Timothy J. - Federal Reserve Bank of Cleveland - 1992
Wagner's hypothesis of an expanding public sector as an economy develops is tested using pooled time-series cross … relationship between public-sector size and output. However, some empirical support is found in the protective services and public …
Persistent link: https://www.econbiz.de/10005428302
Cover Image
What does the capital income tax distort?
Cai, Jinyong; Gokhale, Jagadeesh - Federal Reserve Bank of Cleveland - 1990
In addition to taxing future consumption (including leisure), capital income taxation subsidizes the consumption of durables. the taxation of future consumption may be characterized as an intertemporal distortion, while the subsidy to durables may be characterized as a static distortion. the...
Persistent link: https://www.econbiz.de/10005729051