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Value-Added Tax as a Source of Social Security Financing

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  • Sheng Cheng Hu

    (Purdue University)

Abstract

This article considers the effects on income distribution and the incentive to save of the partial substitution of the value-added tax for the payroll tax for social security. The Harberger-type model is employed in which the sources and uses of income are taken into account in determining the effects of the tax substitution. Attention is given to the distribution of both actual and full income. The data for this analysis are drawn mainly from the Consumer Expenditure Survey conducted by the Bureau of Labor Statistics during 1972 and 1973.

Suggested Citation

  • Sheng Cheng Hu, 1983. "Value-Added Tax as a Source of Social Security Financing," Public Finance Review, , vol. 11(2), pages 154-180, April.
    • Handle: RePEc:sae:pubfin:v:11:y:1983:i:2:p:154-180
    DOI: 10.1177/109114218301100202
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    References listed on IDEAS

    as
    1. Arnold C. Harberger, 1962. "The Incidence of the Corporation Income Tax," Journal of Political Economy, University of Chicago Press, vol. 70(3), pages 215-215.
    2. Feldstein, Martin S, 1982. "Social Security and Private Saving: Reply," Journal of Political Economy, University of Chicago Press, vol. 90(3), pages 630-642, June.
    3. Meerman, Jacob, 1980. "The Incidence of Sales and Excise Taxes, or Where Do We Put the Transfers?," Journal of Political Economy, University of Chicago Press, vol. 88(6), pages 1242-1248, December.
    4. Boskin, Michael J, 1977. "Social Security and Retirement Decisions," Economic Inquiry, Western Economic Association International, vol. 15(1), pages 1-25, January.
    5. Leimer, Dean R & Lesnoy, Selig D, 1982. "Social Security and Private Saving: New Time-Series Evidence," Journal of Political Economy, University of Chicago Press, vol. 90(3), pages 606-629, June.
    6. Browning, Edgar K, 1978. "The Burden of Taxation," Journal of Political Economy, University of Chicago Press, vol. 86(4), pages 649-671, August.
    7. Martin Feldstein, 1982. "The Welfare Cost of Social Security's Impact on Private Saving," NBER Working Papers 0969, National Bureau of Economic Research, Inc.
    8. Burkhauser, Richard V & Turner, John A, 1978. "A Time-Series Analysis on Social Security and Its Effect on the Market Work of Men at Younger Ages," Journal of Political Economy, University of Chicago Press, vol. 86(4), pages 701-715, August.
    9. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
    10. Brittain, John A, 1972. "The Incidence of the Social Security Payroll Tax: Reply," American Economic Review, American Economic Association, vol. 62(4), pages 739-742, September.
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