Trends and gradients in top tax elasticities : cross-country evidence, 1900-2014 / Enrico Rubolino (Uppsala University), Daniel Waldenström (IFN, Paris School of Economics, CEPR and IZA) ; IZA, Institute of Labor Economics
VerfasserRubolino, Enrico ; Waldenström, Daniel In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, March 2017
Elektronische Ressource
Umfang1 Online-Ressource (73 Seiten) : Diagramme
SerieDiscussion paper ; no. 10667
URNurn:nbn:de:hbz:5:2-120991 Persistent Identifier (URN)
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Trends and gradients in top tax elasticities [0.46 mb]
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We compile data spanning the period 1900-2014 and up to 30 countries to study long-run patterns in the tax elasticity of top incomes. Our results show that top tax elasticities vary tremendously over time; they were medium-to-low before 1950, virtually zero during the postwar era up to 1980 and have thereafter increased to unprecedented levels. We document a strong income gradient in tax response within the top, underlining the importance to study even small top groups separately. Several mechanisms are investigated. Tax-driven income shifting between wage and capital income is important in the very top. Wars, financial crises, and country-specific effects and trends have bearing on top elasticities whereas standard macroeconomic factors and indicators of “real responses” do not.