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Titel
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 In Wikipedia suchen nach Enrico Rubolino ; Waldenström, Daniel In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Daniel Waldenström
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Forschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, March 2017
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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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Zusammenfassung

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.