Quantitative Macro Versus Sufficient Statistic Approach: A Laffer Curve Dilemma?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2015.
"What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?,"
NBER Working Papers
20913, National Bureau of Economic Research, Inc.
- Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2015. "What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?," Working Papers 719, Federal Reserve Bank of Minneapolis.
- Serdar Ozkan & Jae Song & Fatih Karahan & Fatih Guvenen, 2015. "What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?," 2015 Meeting Papers 1183, Society for Economic Dynamics.
- Badel, Alejandro & Huggett, Mark, 2017.
"The sufficient statistic approach: Predicting the top of the Laffer curve,"
Journal of Monetary Economics, Elsevier, vol. 87(C), pages 1-12.
- Mark Huggett & Alejandro Badel, 2015. "The Sufficient Statistic Approach: Predicting the Top of the Laffer Curve," 2015 Meeting Papers 1396, Society for Economic Dynamics.
- Alejandro Badel & Mark Huggett, 2015. "The Sufficient Statistic Approach: Predicting the Top of the Laffer Curve," Working Papers 2015-38, Federal Reserve Bank of St. Louis.
- Krueger, Dirk & Kindermann, Fabian, 2014.
"High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk,"
CEPR Discussion Papers
10208, C.E.P.R. Discussion Papers.
- Fabian Kindermann & Dirk Krueger, 2014. "High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk," NBER Working Papers 20601, National Bureau of Economic Research, Inc.
- Fabian Kindermann & Dirk Krueger, 2014. "High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk," PIER Working Paper Archive 14-036, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2021.
"What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?,"
Econometrica, Econometric Society, vol. 89(5), pages 2303-2339, September.
- Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2015. "What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Dynamics?," Staff Reports 710, Federal Reserve Bank of New York.
- Raj Chetty, 2009.
"Sufficient Statistics for Welfare Analysis: A Bridge Between Structural and Reduced-Form Methods,"
Annual Review of Economics, Annual Reviews, vol. 1(1), pages 451-488, May.
- Raj Chetty, 2008. "Sufficient Statistics for Welfare Analysis: A Bridge Between Structural and Reduced-Form Methods," NBER Working Papers 14399, National Bureau of Economic Research, Inc.
- Chetty, Nadarajan, 2009. "Sufficient Statistics for Welfare Analysis: A Bridge Between Structural and Reduced-Form Methods," Scholarly Articles 9748528, Harvard University Department of Economics.
- Fatih Guvenen & Serdar Ozkan & Jae Song, 2014.
"The Nature of Countercyclical Income Risk,"
Journal of Political Economy, University of Chicago Press, vol. 122(3), pages 621-660.
- Fatih Guvenen & Serdar Ozkan & Jae Song, 2012. "The Nature of Countercyclical Income Risk," NBER Working Papers 18035, National Bureau of Economic Research, Inc.
- Fatih Guvenen & Serdar Ozkan & Jae Song, 2012. "The nature of countercyclical income risk," Staff Report 476, Federal Reserve Bank of Minneapolis.
- Fatih Guvenen & Serdar Ozkan & Jae Song, 2013. "The nature of countercyclical income risk," Finance and Economics Discussion Series 2013-25, Board of Governors of the Federal Reserve System (U.S.).
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2010.
"Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(1), pages 15-51, January.
- Violante, Giovanni & Heathcote, Jonathan & Perri, Fabrizio, 2009. "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006," CEPR Discussion Papers 7538, C.E.P.R. Discussion Papers.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2009. "Unequal we stand: an empirical analysis of economic inequality in the United States, 1967-2006," Staff Report 436, Federal Reserve Bank of Minneapolis.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2009. "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006," NBER Working Papers 15483, National Bureau of Economic Research, Inc.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2010. "Code and data files for "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006"," Computer Codes 09-214, Review of Economic Dynamics.
- Emmanuel Saez & Joel Slemrod & Seth H. Giertz, 2012.
"The Elasticity of Taxable Income with Respect to Marginal Tax Rates: A Critical Review,"
Journal of Economic Literature, American Economic Association, vol. 50(1), pages 3-50, March.
- Emmanuel Saez & Joel B. Slemrod & Seth H. Giertz, 2009. "The Elasticity of Taxable Income with Respect to Marginal Tax Rates: A Critical Review," NBER Working Papers 15012, National Bureau of Economic Research, Inc.
- Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2016.
"Heterogeneity and Government revenues: Higher taxes at the top?,"
Journal of Monetary Economics, Elsevier, vol. 80(C), pages 69-85.
- Guner, Nezih & Ventura, Gustavo & Lopez-Daneri, Martin, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," CEPR Discussion Papers 10071, C.E.P.R. Discussion Papers.
- Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," IZA Discussion Papers 8335, Institute of Labor Economics (IZA).
- Alejandro Badel & Mark Huggett & Wenlan Luo, 2020.
"Taxing Top Earners: a Human Capital Perspective,"
The Economic Journal, Royal Economic Society, vol. 130(629), pages 1200-1225.
- Mark Huggett & Alejandro Badel, 2013. "Taxing Top Earners: A Human Capital Perspective," 2013 Meeting Papers 625, Society for Economic Dynamics.
- Alejandro Badel & Mark Huggett, 2014. "Taxing Top Earners: A Human Capital Perspective," Working Papers 2014-021, Human Capital and Economic Opportunity Working Group.
- Alejandro Badel & Mark Huggett, 2014. "Taxing top earners: a human capital perspective," Working Papers 2014-17, Federal Reserve Bank of St. Louis.
- Mark Huggett & Alejandro Badel, 2014. "Taxing Top Earners: A Human Capital Perspective," Working Papers gueconwpa~14-14-02, Georgetown University, Department of Economics.
- Kindermann, Fabian & Krueger, Dirk, 2014. "High marginal tax rates on the top 1%?," CFS Working Paper Series 473, Center for Financial Studies (CFS).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Badel, Alejandro & Huggett, Mark, 2017.
"The sufficient statistic approach: Predicting the top of the Laffer curve,"
Journal of Monetary Economics, Elsevier, vol. 87(C), pages 1-12.
- Mark Huggett & Alejandro Badel, 2015. "The Sufficient Statistic Approach: Predicting the Top of the Laffer Curve," 2015 Meeting Papers 1396, Society for Economic Dynamics.
- Alejandro Badel & Mark Huggett, 2015. "The Sufficient Statistic Approach: Predicting the Top of the Laffer Curve," Working Papers 2015-38, Federal Reserve Bank of St. Louis.
- Alejandro Badel & Mark Huggett & Wenlan Luo, 2020.
"Taxing Top Earners: a Human Capital Perspective,"
The Economic Journal, Royal Economic Society, vol. 130(629), pages 1200-1225.
- Mark Huggett & Alejandro Badel, 2013. "Taxing Top Earners: A Human Capital Perspective," 2013 Meeting Papers 625, Society for Economic Dynamics.
- Alejandro Badel & Mark Huggett, 2014. "Taxing Top Earners: A Human Capital Perspective," Working Papers 2014-021, Human Capital and Economic Opportunity Working Group.
- Alejandro Badel & Mark Huggett, 2014. "Taxing top earners: a human capital perspective," Working Papers 2014-17, Federal Reserve Bank of St. Louis.
- Mark Huggett & Alejandro Badel, 2014. "Taxing Top Earners: A Human Capital Perspective," Working Papers gueconwpa~14-14-02, Georgetown University, Department of Economics.
- Alejandro Badel & Moira Daly & Mark Huggett & Martin Nybom, 2018.
"Top Earners: Cross-Country Facts,"
Review, Federal Reserve Bank of St. Louis, vol. 100(3), pages 237-257.
- Badel, Alejandro & Daly, Moira & Huggett, Mark & Nybom, Martin, 2017. "Top earners: cross-country facts," Working Paper Series 2017:9, IFAU - Institute for Evaluation of Labour Market and Education Policy.
- Alejandro Badel & Moira Daly & Mark Huggett & Martin Nybom, 2017. "Top Earners: Cross-Country Facts," Working Papers 2017-061, Human Capital and Economic Opportunity Working Group.
- Markus Poschke & Baris Kaymak, 2015. "The evolution of wealth inequality over half a century: the role of skills, taxes and institutions," 2015 Meeting Papers 967, Society for Economic Dynamics.
- Hans A. Holter & Dirk Krueger & Serhiy Stepanchuk, 2019.
"How do tax progressivity and household heterogeneity affect Laffer curves?,"
Quantitative Economics, Econometric Society, vol. 10(4), pages 1317-1356, November.
- Holter, Hans A. & Krueger, Dirk & Stepanchuk, Serhiy, 2014. "How does tax progressivity and household heterogeneity affect Laffer curves?," CFS Working Paper Series 490, Center for Financial Studies (CFS).
- Hans A. Holter & Dirk Krueger & Serhiy Stepanchuk, 2014. "How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?," NBER Working Papers 20688, National Bureau of Economic Research, Inc.
- Hans A. Holter & Dirk Krueger & Serhiy Stepanchuk, 2014. "How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?," PIER Working Paper Archive 14-015, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Krueger, Dirk & Holter, Hans A. & Stepanchuk, Serhiy, 2014. "How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?," CEPR Discussion Papers 10259, C.E.P.R. Discussion Papers.
- Hans A. Holter & Dirk Krueger & Serhiy Stepanchuk, 2014. "How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?," PIER Working Paper Archive 14-039, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 09 Nov 2014.
- Uribe-Terán, Carlos, 2021. "Higher taxes at the top? The role of tax avoidance," Journal of Economic Dynamics and Control, Elsevier, vol. 129(C).
- Bettina Brueggemann, 2016.
"Higher Taxes at the Top: The Role of Entrepreneurs,"
2016 Meeting Papers
332, Society for Economic Dynamics.
- Bettina Brueggemann, 2017. "Higher Taxes at the Top: The Role of Entrepreneurs," Department of Economics Working Papers 2017-16, McMaster University.
- Ben Heijdra & Fabian Kindermann & Laurie Reijnders, 2017.
"Life in shakles? The quantitative implications of reforming the educational financing system,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 37-57, April.
- Ben Heijdra & Fabian Kindermann & Laurie Reijnders, 2016. "Online Appendix to "Life in shakles? The quantitative implications of reforming the educational financing system"," Online Appendices 16-86, Review of Economic Dynamics.
- Ben Heijdra & Fabian Kindermann & Laurie Reijnders, 2016. "Code and data files for "Life in shakles? The quantitative implications of reforming the educational financing system"," Computer Codes 16-86, Review of Economic Dynamics.
- Macnamara, Patrick & Pidkuyko, Myroslav & Rossi, Raffaele, 2024.
"Marginal tax rates and income in the long run: Evidence from a structural estimation,"
Journal of Monetary Economics, Elsevier, vol. 142(C).
- Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal Tax Rates and Income in the Long Run: Evidence from a Structural Estimation," Economics Discussion Paper Series 2105, Economics, The University of Manchester, revised Jan 2022.
- Alisdair McKay & Ricardo Reis, 2021.
"Optimal Automatic Stabilizers [Consumption versus Expenditure],"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(5), pages 2375-2406.
- Ricardo Reis & Alisdair McKay, 2015. "Optimal Automatic Stabilizers," 2015 Meeting Papers 608, Society for Economic Dynamics.
- McKay, Alisdair, 2016. "Optimal Automatic Stabilizers," CEPR Discussion Papers 11337, C.E.P.R. Discussion Papers.
- McKay, Alisdair & Reis, Ricardo, 2016. "Optimal automatic stabilizers," LSE Research Online Documents on Economics 67049, London School of Economics and Political Science, LSE Library.
- McKay, Alisdair & Reis, Ricardo, 2021. "Optimal automatic stabilizers," LSE Research Online Documents on Economics 108180, London School of Economics and Political Science, LSE Library.
- Alisdair McKay & Ricardo Reis, 2016. "Optimal Automatic Stabilizers," NBER Working Papers 22359, National Bureau of Economic Research, Inc.
- McKay, Alisdair & Reis, Ricardo, 2016. "Optimal automatic stabilizers," LSE Research Online Documents on Economics 86229, London School of Economics and Political Science, LSE Library.
- Alisdair McKay & Ricardo Reis, 2016. "Optimal Automatic Stabilizers," Discussion Papers 1618, Centre for Macroeconomics (CFM).
- Baris Kaymak & CHEUK SHING LEUNG & Markus Poschke, 2018. "Accounting for the determinants of wealth concentration in the US," 2018 Meeting Papers 911, Society for Economic Dynamics.
- Theloudis, Alexandros, 2021.
"Consumption inequality across heterogeneous families,"
European Economic Review, Elsevier, vol. 136(C).
- Alexandros Theloudis, 2017. "Consumption inequality across heterogeneous families," Working Papers 451, ECINEQ, Society for the Study of Economic Inequality.
- Alexandros Theloudis, 2021. "Consumption Inequality across Heterogeneous Families," LISER Working Paper Series 2021-04, Luxembourg Institute of Socio-Economic Research (LISER).
- THELOUDIS Alexandros, 2017. "Consumption Inequality across Heterogeneous Families," LISER Working Paper Series 2017-18, Luxembourg Institute of Socio-Economic Research (LISER).
- Golosov, M. & Tsyvinski, A. & Werquin, N., 2016.
"Recursive Contracts and Endogenously Incomplete Markets,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 725-841,
Elsevier.
- Mikhail Golosov & Aleh Tsyvinski & Nicolas Werquin, 2016. "Recursive Contracts and Endogenously Incomplete Markets," NBER Working Papers 22012, National Bureau of Economic Research, Inc.
- Mariacristina De Nardi & Giulio Fella, 2017.
"Saving and Wealth Inequality,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 280-300, October.
- Mariacristina De Nardi, 2016. "Savings and Wealth Unequality," Annual Meeting Plenary 2016-2, Society for Economic Dynamics.
- Mariacristina De Nardi & Giulio Fella, 2017. "Saving and Wealth Inequality," Working Papers 823, Queen Mary University of London, School of Economics and Finance.
- De Nardi, Mariacristina & Fella, Giulio, 2017. "Saving and Wealth Inequality," CEPR Discussion Papers 11746, C.E.P.R. Discussion Papers.
- Kaymak, Barış & Poschke, Markus, 2016. "The evolution of wealth inequality over half a century: The role of taxes, transfers and technology," Journal of Monetary Economics, Elsevier, vol. 77(C), pages 1-25.
- John Carter Braxton & Kyle F. Herkenhoff & Jonathan Rothbaum & Lawrence Schmidt, 2021.
"Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter,"
Opportunity and Inclusive Growth Institute Working Papers
55, Federal Reserve Bank of Minneapolis.
- J. Carter Braxton & Kyle F. Herkenhoff & Jonathan L. Rothbaum & Lawrence Schmidt, 2021. "Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter," NBER Working Papers 29567, National Bureau of Economic Research, Inc.
- Xavier Gabaix & Jean‐Michel Lasry & Pierre‐Louis Lions & Benjamin Moll, 2016.
"The Dynamics of Inequality,"
Econometrica, Econometric Society, vol. 84, pages 2071-2111, November.
- Xavier Gabaix & Jean-Michel Lasry & Pierre-Louis Lions & Benjamin Moll, 2015. "The Dynamics of Inequality," NBER Working Papers 21363, National Bureau of Economic Research, Inc.
- Gabaix, Xavier & Lasry, Jean-Michel & Lions, Pierre-Louis & Moll, Benjamin, 2016. "The Dynamics of Inequality," Scholarly Articles 34651703, Harvard University Department of Economics.
- Gabaix, Xavier & Moll, Benjamin & Lasry, Jean-Michel & Lions, Pierre-Louis, 2015. "The Dynamics of Inequality," CEPR Discussion Papers 11028, C.E.P.R. Discussion Papers.
- Ayşe İmrohoroğlu & Kyle Matoba & Şelale Tüzel, 2018.
"Proposition 13: An Equilibrium Analysis,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 10(2), pages 24-51, April.
- Ayse Imrohoroglu, 2014. "Proposition 13: An Equilibrium Analysis," 2014 Meeting Papers 1250, Society for Economic Dynamics.
- Jess Benhabib & Alberto Bisin, 2018.
"Skewed Wealth Distributions: Theory and Empirics,"
Journal of Economic Literature, American Economic Association, vol. 56(4), pages 1261-1291, December.
- Jess Benhabib & Alberto Bisin, 2016. "Skewed Wealth Distributions: Theory and Empirics," NBER Working Papers 21924, National Bureau of Economic Research, Inc.
- Nezih Guner & Martin Lopez-Daneri & Gustavo Ventura, 2023.
"The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 50, pages 146-170, October.
- Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2023. "The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues," CEPR Discussion Papers 17795, C.E.P.R. Discussion Papers.
- Nezih Guner & Martin Lopez-Daneri & Gustavo Ventura, 2023. "Code and data files for "The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues"," Computer Codes 23-144, Review of Economic Dynamics.
More about this item
JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedlrv:00046. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Scott St. Louis (email available below). General contact details of provider: https://edirc.repec.org/data/frbslus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.