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Improving Tax-Based incomes Policies: the Lessons of the Environmental Literature

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  • Gary W. Yohe

    (Wesleyan University)

Abstract

The intuition of the environmental control literature is employed to study the Abstract various alternative tax-based incomes policies that have been proposed. It is noted that each trades off, to some degree, flexibility in wage settlement against effectiveness in controlling inflation. Mirroring some aspects of Abba Lerner's MA P plan, a proposal that would make a tax-based penalty for excessive wage settlement dependent upon both the degree of excessiveness and the actual observed ex post inflation rate is advanced as a superior player in this tradeoff.

Suggested Citation

  • Gary W. Yohe, 1985. "Improving Tax-Based incomes Policies: the Lessons of the Environmental Literature," Public Finance Review, , vol. 13(2), pages 183-205, April.
    • Handle: RePEc:sae:pubfin:v:13:y:1985:i:2:p:183-205
    DOI: 10.1177/109114218501300204
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    References listed on IDEAS

    as
    1. Henry C. Wallich & Sidney Weintraub, 1971. "A Tax-Based Incomes Policy," Journal of Economic Issues, Taylor & Francis Journals, vol. 5(2), pages 1-19, June.
    2. Yohe, Gary W., 1981. "Should sliding controls be the next generation of pollution controls?," Journal of Public Economics, Elsevier, vol. 15(2), pages 251-267, April.
    3. Karp, Gordon & Yohe, Gary W., 1979. "The optimal linear alternative to price and quantity controls in the multifirm case," Journal of Comparative Economics, Elsevier, vol. 3(1), pages 56-65, March.
    4. Larry L. Dildine & Emil M. Sunley, 1978. "Administrative Problems of Tax-Based Incomes Policies," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(2), pages 363-400.
    5. Roberts, Marc J. & Spence, Michael, 1976. "Effluent charges and licenses under uncertainty," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 193-208.
    6. James Tobin, 1980. "Stabilization Policy Ten Years After," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 11(1, Tenth ), pages 19-90.
    7. Abba P. Lerner, 1978. "A Wage-Increase Permit Plan to Stop Inflation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(2), pages 491-505.
    8. Adar, Zvi & Griffin, James M., 1976. "Uncertainty and the choice of pollution control instruments," Journal of Environmental Economics and Management, Elsevier, vol. 3(3), pages 178-188, October.
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