Chernick, Howard; Reimers, Cordelia; Tennant, Jennifer - In: IZA Journal of Labor Policy 3 (2014), pp. 1-22
The Great Recession had the most severe impact on state tax revenues of any downturn since the Great Depression. We hypothesize that states with more progressive tax structures are more vulnerable to economic downturns, and that progressivity and income volatility may interact to amplify the...
