THE ELASTICITY OF TAXABLE INCOME: A META-REGRESSION ANALYSIS

• 成果类型: Article
• 署名作者: Neisser, Carina
• 署名单位: University of Cologne; IZA Institute Labor Economics; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW)
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/ueab038
• 发表日期: 2021
• 页码: 3365-3391
• 关键词: marginal tax rates; deadweight loss; wage; TRANSPARENCY; metaanalysis; responses

摘要

The elasticity of taxable income is a key parameter in tax policy analysis. To examine the large variation found in the literature of taxable and broad income elasticities, I conduct a comprehensive meta-regression analysis using information from 61 studies containing 1,720 estimates. My findings reveal that estimated elasticities are not immutable parameters. They are correlated with contextual factors and the choice of the empirical specification influences the estimated elasticities. Finally, selective reporting bias is prevalent, and the direction of bias depends on whether deductions are included in the tax base.