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| Additional Physical Format: | Online version: Fullerton, Don. Who bears the lifetime tax burden? Washington, D.C. : Brookings Institution, c1993 (OCoLC)654203834 |
|---|---|
| Document Type: | Book |
| All Authors / Contributors: |
Don Fullerton; Diane Lim Rogers |
| ISBN: | 0815729928 9780815729921 0815729936 9780815729938 |
| OCLC Number: | 27223661 |
| Description: | xiii, 246 p. : ill. ; 24 cm. |
| Contents: | 1. Introduction and Summary. Two Approaches to Tax Incidence. The Theory of Tax Incidence. Empirical Work on Tax Incidence. Comparing Annual and Lifetime Perspectives. The Measure of Lifetime Income. A Description of the Model. A Summary of Results -- 2. Theoretical Basis of the Lifetime Incidence Model. The Consumption Side. The Production Side. Government. International Trade. Treatment of Taxes. Equilibrium Conditions and Computational Procedure. Calculating Tax Incidence -- 3. Data Sources. Model Dimensions. Consumer Data. Industry Data. Government and Trade Data -- 4. Determination of Lifetime Incomes. Data. Initial Fixed-Effect Regressions. Determination of Lifetime Incomes and Their Distribution. Characteristics and Profiles by Lifetime Income Category. Lifetime Distributional Effects of Government Programs. Conclusion -- 5. Consumption Patterns by Age. The Linear Expenditure System. The Consumer Expenditure Survey. Aggregation for Detailed Expenditures. Corrections of Underreporting. Econometric Procedure. Parameters of the Linear Expenditure System -- 6. Calibrating Parameters and Adjusting the Data Set. Obtaining a Consistent Data Set. Calibration of Other Parameters -- 7. Simulations and Results. Tax Parameters for Each Simulation. The Benchmark as a Basis of Comparison. Counterfactual Results Compared to the Benchmark. Lifetime Tax Incidence under Standard Parameters. The Uniform Consumption Tax Replacement -- 8. Sensitivity Analysis. Utility Parameters. Other Specifications. What We Learn from Sensitivity Calculations -- 9. Evaluation of Policy Reforms. The Tax Reform Act of 1986. Corporate Tax Integration. Value-Added Taxation. |
| Responsibility: | Don Fullerton, Diane Lim Rogers. |
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