Costs of taxation and the benefits of public goods
Subtitle: the role of income effects
By: Will Martin, James E. Anderson.
Contributors: Anderson, James E. 1943-; World Bank.
Series: Policy research working paper ;; 3700; Policy research working papers (Online) ;; 3700.
Publisher: World Bank
Published: 2005
Place of publication: [Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Taxation.; Public goods.; Labor supply.
Description: "The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify much lower measures of the marginal welfare cost of taxes and greater public good provision than indicated by traditional, compensated analyses.  The authors confirm that this difference remains substantial with newer elasticity estimates, but show that either compensated or uncompensated measures of the marginal cost of funds can be used to evaluate the costs of taxation-and will provide the same result-as long as the income effects of both taxes and public good provision are incorporated in a consistent manner. "--World Bank web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 9/1/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.