Consumption taxes in a life-cycle framework: are sin taxes regressive?
Article Abstract:
Tax-incidence measures are constructed in a life-cycle framework. They are compared to traditional measures taken from annual data. Three factors are given to account for the difference between life-cycle measures and annual measures of consumption taxes. Taxation on cigarettes are minimally affected by these factors. However, consumption tax on alcohol is less regressive when measured in terms of lifetime income than annual income.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1995
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The measurement of firm-specific indexes of technical change
Article Abstract:
Firm-specific indexes of technological change are determined through econometric estimation. The measurement process integrated interfirm and intertemporal variations in technical efficiency and compared them with multilateral indexes of total factor productivity. The firm-specific measurements were more accurate than their multilateral counterparts in accounting for technical change.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1995
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A dynamic demand model for liquor: the case for pooling
Article Abstract:
A dynamic demand model for liquor in the US is developed. Panel data gathered from 43 states are used. Pure time series nor cross-sectional studies do not give reliable estimates of price elasticity due to changes in taste in liquor over time and between states. A long-run price elasticity of -0.7 was recorded.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1995
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- Abstracts: Consistent specification testing via nonparametric series regression. Consistent testing for serial correlation of unknown form
- Abstracts: Manufacturing growth and financial development: evidence from OECD countries. International trade, comparative advantage and the incidence of layoff unemployment spells