The Economics of Taxation


The Economics of Taxation

9781848448292 Edward Elgar Publishing
Edited by James Alm, Professor and Chair, Department of Economics, Tulane University, US
Publication Date: July 2011 ISBN: 978 1 84844 829 2 Extent: 1,352 pp
This authoritative two-volume set brings together the most important classic and contemporary papers on taxation and tax policy, written by the world’s leading scholars and practitioners of taxation.

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This authoritative two-volume set brings together the most important classic and contemporary papers on taxation and tax policy, written by the world’s leading scholars and practitioners of taxation.

Volume I reviews the effects of taxation, optimal taxation and tax reform. Volume II presents the latest theoretical and empirical work on how taxes affect individual decisions across a range of areas, concluding with studies of the effects of taxes on firm investment and financial structure decisions.

The volumes will interest those teaching upper-level and graduate level courses in taxation and tax policy, and individuals who want to be informed on the latest research in taxation.
Critical Acclaim
‘This collection. . . will give to students of taxation a valuable source of critical writings to aid their studies.’
– Citizen’s Income
56 articles, dating from 1964 to 2005
Contributors include: A. Auerbach, P. Diamond, M. Feldstein, A. Harberger, J. Poterba, H. Rosen, J. Slemrod, J. Stiglitz, L. Summers, G. Zodrow

Volume I


Introduction James Alm

A. Notions of Equity
1. Richard A. Musgrave (1976), ‘ET, OT and SBT’
2. H. Peyton Young (1990), ‘Progressive Taxation and Equal Sacrifice’
3. Louis Kaplow (1989), ‘Horizontal Equity: Measures in Search of a Principle’

B. Taxes and Income Distribution
4. Charles E. McLure, Jr. (1975), ‘General Equilibrium Incidence Analysis: The Harberger Model After Ten Years’
5. Michael Katz and Harvey S. Rosen (1985), ‘Tax Analysis in an Oligopoly Model’
6. Lawrence H. Summers (1983), ‘The Asset Price Approach to the Analysis of Capital Income Taxation’
7. James Davies, France St-Hilaire and John Whalley (1984), ‘Some Calculations of Lifetime Tax Incidence’
8. Timothy J. Besley and Harvey S. Rosen (1999), ‘Sales Taxes and Prices: An Empirical Analysis’
9. John B. Shoven (1976), ‘The Incidence and Efficiency Effects of Taxes on Income from Capital’
10. David M. Cutler (1988), ‘Tax Reform and the Stock Market: An Asset Price Approach’

C. Taxes and Efficiency
11. Arnold C. Harberger (1964), ‘The Measurement of Waste’
12. Jerry A. Hausman (1981), ‘Exact Consumer’s Surplus and Deadweight Loss’
13. Edgar K. Browning (1987), ‘On the Marginal Welfare Cost of Taxation’
14. Charles L. Ballard, John B. Shoven and John Whalley (1985), ‘The Total Welfare Cost of the United States Tax System: A General Equilibrium Approach’

D. Taxes and Revenues
15. Don Fullerton (1982), ‘On the Possibility of an Inverse Relationship Between Tax Rates and Tax Revenues’

E. Taxes and Growth
16. Larry E. Jones, Rodolfo E. Manuelli and Peter E. Rossi (1993), ‘Optimal Taxation in Models of Endogenous Growth’

F. Taxes and Politics
17. Kevin W.S. Roberts (1977), ‘Voting Over Income Tax Schedules’
18. Walter Hettich and Stanley L. Winer (1988), ‘Economic and Political Foundations of Tax Structure’

19. Peter A. Diamond and James A. Mirrlees (1971), ‘Optimal Taxation and Public Production II: Tax Rules’
20. P.A. Diamond (1975), ‘A Many-Person Ramsey Tax Rule’
21. J.A. Mirrlees (1971), ‘An Exploration in the Theory of Optimum Income Taxation’
22. Peter A. Diamond (1998), ‘Optimal Income Taxation: An Example with a U-Shaped Pattern of Optimal Marginal Tax Rates’
23. A.B. Atkinson and J.E. Stiglitz (1976), ‘The Design of Tax Structure: Direct Versus Indirect Taxations’
24. N.H. Stern (1976), ‘On the Specification of Models of Optimum Income Taxation’
25. Emmanuel Saez (2001), ‘Using Elasticities to Derive Optimal Income Tax Rates’
26. Joel Slemrod (1990), ‘Optimal Taxation and Optimal Tax Systems’

27. Martin Feldstein (1976), ‘On the Theory of Tax Reform’
28. Alan J. Auerbach, Laurence J. Kotlikoff and Jonathan Skinner (1983), ‘The Efficiency Gains from Dynamic Tax Reform’
29. David Altig, Alan J. Auerbach, Laurence J. Kotlikoff, Kent A. Smetters and Jan Walliser (2001), ‘Simulating Fundamental Tax Reform in the United States’

Volume II


An Introduction by the editors appears in Volume I

A. Incentives
1. Joel Slemrod (2001), ‘A General Model of the Behavioral Response to Taxation’

B. Labour Supply
2. Jerry A. Hausman (1981), ‘Labour Supply’
3. James P. Ziliak and Thomas J. Kniesner (1999), ‘Estimating Life Cycle Labor Supply Tax Effects’

C. Saving
4. Lawrence H. Summers (1981), ‘Capital Taxation and Accumulation in a Life Cycle Growth Model’
5. William G. Gale and John Karl Scholz (1994), ‘IRAs and Household Saving’
6. James M. Poterba, Steven F. Venti and David A. Wise (1995), ‘Do 401(k) Contributions Crowd Out Other Personal Saving?’

D. Portfolio Choice
7. Joseph E. Stiglitz (1969), ‘The Effects of Income, Wealth, and Capital Gains Taxation on Risk-Taking’
8. James M. Poterba and Andrew A. Samwick (2003), ‘Taxation and Household Portfolio Composition: US Evidence from the 1980s and 1990s’

E. Capital Gains
9. Martin S. Feldstein, Joel Slemrod and Shlomo Yitzhaki (1980) ‘The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains’
10. Leonard E. Burman and William C. Randolph (1994), ‘Measuring Permanent Responses to Capital-Gains Tax Changes in Panel Data’

F. Estate Taxes
11. James Poterba (2001), ‘Estate and Gift Taxes and Incentives for Inter Vivos Giving in the United States’

G. Tax Avoidance and Evasion
12. Michael G. Allingham and Agnar Sandmo (1972), ‘Income Tax Evasion: A Theoretical Analysis’
13. Charles T. Clotfelter (1983), ‘Tax Evasion and Tax Rates: An Analysis of Individual Returns’
14. James Alm, Gary H. McClelland and William D. Schulze (1992), ‘Why Do People Pay Taxes?’

H. Income Reporting
15. Martin Feldstein (1995), ‘The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act’
16. Jon Gruber and Emmanuel Saez (2002), ‘The Elasticity of Taxable Income: Evidence and Implications’

A. Why Tax Capital Income?
17. Alan J. Auerbach (1983), ‘Taxation, Corporate Financial Policy and the Cost of Capital’
18. Joseph E. Stiglitz (1976), ‘The Corporation Tax’
19. Christophe Chamley (1986), ‘Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives’

B. Investment
20. Robert E. Hall and Dale W. Jorgenson (1967), ‘Tax Policy and Investment Behavior’
21. Robin W. Boadway (1987), ‘The Theory and Measurement of Effective Tax Rates’
22. Alan J. Auerbach and Kevin Hassett (1992), ‘Tax Policy and Business Fixed Investment in the United States’

C. Financial Structure
23. George R. Zodrow (1991), ‘On the “Traditional” and “New” Views of Dividend Taxation’
24. B. Douglas Bernheim (1991), ‘Tax Policy and the Dividend Puzzle’
25. Raj Chetty and Emmanuel Saez (2005), ‘Dividend Taxes and Corporate Behavior: Evidence from the 2003 Dividend Tax Cut’
26. Jeffrey K. MacKie-Mason (1990), ‘Do Taxes Affect Corporate Financing Decisions?’
27. William M. Gentry (1994), ‘Taxes, Financial Decisions and Organizational Form: Evidence from Publicly Traded Partnerships’
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