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In this survey, I summarize and evaluate the extant literature concerning taxation and personal saving. I describe the theoretical models that economists have used to depict saving decisions, and I explore the positive and normative implications of these models. The central positive question is...
Persistent link: https://www.econbiz.de/10012471740
, marginal and intra-marginal taxation, and the level of government consumption. Conventional accounting measures of "taxes …
Persistent link: https://www.econbiz.de/10012477793
The theoretical and empirical results in this paper make a strong prima facie case for the proposition that increases in the after tax rate of return caused by tax policy are likely to bring forth significant increases in saving. Theoretical analysis using a variety of standard models tends to...
Persistent link: https://www.econbiz.de/10012478110
This paper develops a perfect foresight general equilibrium simulation model of life cycle savings that may be used to investigate the potential impact of a wide range of government policies on national savings and economic welfare. The model can provide quantitative answers to a number of...
Persistent link: https://www.econbiz.de/10012478386
This study examines the potential effects on personal savings of alternative types of tax rules. The analysis makes use of two extensive samples of information on individual savings and financial income: the 1972 Consumer Expenditure Survey and a stratified random sample of 26,000 individual tax...
Persistent link: https://www.econbiz.de/10012478440
formulae for the optimal tax rates. These are used in section 1.3 to evaluate claims that abolishing capital income taxes would … behavior are discussed in section 1.5. Finally, we shall look briefly at some of the empirical evidence on the effects of taxes … about the production side of the economy. (For surveys of the effects of taxes on investment, see Helliwell, 1976; King …
Persistent link: https://www.econbiz.de/10012478717
Only about one-fifth of respondents in the Reuters/University of Michigan survey report that the 2008 tax rebates led them to mostly increase spending, while over half said it would lead them to mostly pay off debt. Of those in the mostly-spend category, the response was swift, with over 80...
Persistent link: https://www.econbiz.de/10012463228
This paper examines the effect of exogenous shocks to savings on world capital markets. Using the exogenous shocks to US tax policy identified by Romer & Romer, we trace the impact of an exogenous shock to savings through the income accounting identities of the US and the rest of the world. We...
Persistent link: https://www.econbiz.de/10012463537