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Measuring permanent responses to capital-gains tax changes in panel data

The American economic review, 1994-09, Vol.84 (4), p.794-809 [Peer Reviewed Journal]

Copyright 1994 American Economic Association ;Copyright American Economic Association Sep 1994 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;CODEN: AENRAA

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Title:
Measuring permanent responses to capital-gains tax changes in panel data
Author: Burman, L.E ; Randolph, W.C
Subjects: ANALISIS DE DATOS ; ANALISIS DE SERIES CRONOLOGICAS ; ANALYSE DE DONNEES ; ANALYSE DE SERIES CHRONOLOGIQUES ; Capital gains ; Capital gains tax ; CAPITAL TAXATION ; Coefficients ; Consistent estimators ; DATA ANALYSIS ; ECONOMETRIA ; ECONOMETRICS ; ECONOMETRIE ; Economic models ; Economic statistics ; ELASTICITIES ; ESTADOS UNIDOS DE AMERICA ; Estimated taxes ; ETATS UNIS ; FISCAL POLICIES ; IMPOT SUR LE CAPITAL ; IMPOT SUR LE REVENU ; IMPUESTO AL CAPITAL ; IMPUESTO SOBRE LA RENTA ; INCOME TAX ; Income taxes ; Marginal tax rate ; MATHEMATICAL MODELS ; Measurement ; MODELE MATHEMATIQUE ; MODELOS MATEMATICOS ; POLITICA FISCAL ; POLITIQUE FISCALE ; Regression analysis ; State government ; State income tax ; State taxes ; Studies ; Tax rates ; tax reform act of 1986 ; Taxation ; Taxation economics ; Taxpaying ; TIME SERIES ANALYSIS ; Timing ; Transitory income ; USA
Is Part Of: The American economic review, 1994-09, Vol.84 (4), p.794-809
Description: We use panel data and information about differences in state tax rates to separate the effects of transitory and permanent tax rate changes on capital-gains realizations behavior. The estimated effect of permanent change is substantially smaller than the effect of transitory change. The difference is even larger than differences between estimates from past micro data studies, which have primarily measured the transitory effect, and time-series studies, which have primarily measured the permanent effect. Our results resolve a long-standing conflict between micro data and time-series studies of how marginal tax rates affect capital-gains realizations behavior.
Publisher: Menasha, Wis: American Economic Association
Language: English
Identifier: ISSN: 0002-8282
EISSN: 1944-7981
CODEN: AENRAA
Source: ProQuest Central

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Measuring permanent responses to capital-gains tax changes in panel data

Copyright 1994 American Economic Association ;Copyright American Economic Association Sep 1994 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;CODEN: AENRAA

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