A welfare evaluation of the 1986 tax reform for married couples in the United States
- Author
- Matteo Picchio (UGent) and Giacomo Valletta
- Organization
- Abstract
- This paper evaluates the welfare effects of the 1986 Tax Reform Act (TRA86). We rely on different welfare metrics, which fully retain preference heterogeneity and are based on different ethical priors. We estimate utility functions with preference heterogeneity on the basis of structural models of family labor supply. Then, using these estimated preferences, we compute and compare different well-being rankings corresponding to different ways of measuring well-being. Finally, we identify the losers and the winners of TRA86, in absolute and relative terms, for each of the welfare metrics.
- Keywords
- Welfare measures, Tax reform, Preference heterogeneity, Discrete model, Labor supply, EMPIRICAL-ANALYSIS, INCOME INEQUALITY, PANEL-DATA, LABOR, MODELS, POLICY, WORK, PARTICIPATION, ATTRITION, TAXATION
Downloads
-
(...).pdf
- full text (Published version)
- |
- UGent only
- |
- |
- 1.12 MB
Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-8530124
- MLA
- Picchio, Matteo, and Giacomo Valletta. “A Welfare Evaluation of the 1986 Tax Reform for Married Couples in the United States.” INTERNATIONAL TAX AND PUBLIC FINANCE, vol. 25, no. 3, 2018, pp. 757–807, doi:10.1007/s10797-017-9472-1.
- APA
- Picchio, M., & Valletta, G. (2018). A welfare evaluation of the 1986 tax reform for married couples in the United States. INTERNATIONAL TAX AND PUBLIC FINANCE, 25(3), 757–807. https://doi.org/10.1007/s10797-017-9472-1
- Chicago author-date
- Picchio, Matteo, and Giacomo Valletta. 2018. “A Welfare Evaluation of the 1986 Tax Reform for Married Couples in the United States.” INTERNATIONAL TAX AND PUBLIC FINANCE 25 (3): 757–807. https://doi.org/10.1007/s10797-017-9472-1.
- Chicago author-date (all authors)
- Picchio, Matteo, and Giacomo Valletta. 2018. “A Welfare Evaluation of the 1986 Tax Reform for Married Couples in the United States.” INTERNATIONAL TAX AND PUBLIC FINANCE 25 (3): 757–807. doi:10.1007/s10797-017-9472-1.
- Vancouver
- 1.Picchio M, Valletta G. A welfare evaluation of the 1986 tax reform for married couples in the United States. INTERNATIONAL TAX AND PUBLIC FINANCE. 2018;25(3):757–807.
- IEEE
- [1]M. Picchio and G. Valletta, “A welfare evaluation of the 1986 tax reform for married couples in the United States,” INTERNATIONAL TAX AND PUBLIC FINANCE, vol. 25, no. 3, pp. 757–807, 2018.
@article{8530124,
abstract = {{This paper evaluates the welfare effects of the 1986 Tax Reform Act (TRA86). We rely on different welfare metrics, which fully retain preference heterogeneity and are based on different ethical priors. We estimate utility functions with preference heterogeneity on the basis of structural models of family labor supply. Then, using these estimated preferences, we compute and compare different well-being rankings corresponding to different ways of measuring well-being. Finally, we identify the losers and the winners of TRA86, in absolute and relative terms, for each of the welfare metrics.}},
author = {{Picchio, Matteo and Valletta, Giacomo}},
issn = {{0927-5940}},
journal = {{INTERNATIONAL TAX AND PUBLIC FINANCE}},
keywords = {{Welfare measures,Tax reform,Preference heterogeneity,Discrete model,Labor supply,EMPIRICAL-ANALYSIS,INCOME INEQUALITY,PANEL-DATA,LABOR,MODELS,POLICY,WORK,PARTICIPATION,ATTRITION,TAXATION}},
language = {{eng}},
number = {{3}},
pages = {{757--807}},
title = {{A welfare evaluation of the 1986 tax reform for married couples in the United States}},
url = {{http://doi.org/10.1007/s10797-017-9472-1}},
volume = {{25}},
year = {{2018}},
}
- Altmetric
- View in Altmetric
- Web of Science
- Times cited: