THE NONTAX WEDGE
成果类型：
Article
署名作者：
BROWNING, EK
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(94)90033-7
发表日期：
1994
页码：
419-433
关键词：
摘要：
This paper argues that there are a large number of non-tax phenomena that have the effect of reducing input prices below marginal value products, just as do taxes on income. It is shown that the presence of the 'non-tax wedge' between the marginal value product of labor and the net wage is highly significant for the analysis of the total and marginal welfare costs of taxes. (Similarly, the presence of the tax wedge is significant for the analysis of the welfare effects of the non-tax phenomena.) Welfare costs are substantially higher when appropriate account is taken of tax and non-tax wedges that both distort supply decisions.
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