Tax policy and income inequality in the U.S., 1979 - 2007


Bargain, Olivier ; Dolls, Mathias ; Immervoll, Herwig ; Neumann, Dirk ; Peichl, Andreas ; Pestel, Nico ; Siegloch, Sebastian


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URL: https://madoc.bib.uni-mannheim.de/35456
URN: urn:nbn:de:bsz:180-madoc-354560
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: ZEW Discussion Papers
Volume: 14-001
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
School of Law and Economics > VWL, Wirtschaftspolitik u. Politische Ökonomie (Juniorprofessur) (Siegloch 2014-2018)
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: H23 , H31 , H53 , P16,
Keywords (English): Tax policy , inequality , redistribution , partisan Politics , political economy
Abstract: We assess the effects of U.S. tax policy reforms on inequality by applying a new de- composition method allowing us to disentangle the policy effect from changing market incomes. Over the period 1979-2007, the cumulative policy effect aggravated inequal- ity by increasing the income share of the top 20% in contrast to the middle class' share. The tax policy effect accounts for up to 29% of the total change in inequality; its contribution increases up to 41% if we take into account behavioral responses. While Republican policymakers increased inequality especially at the top, Democrats increased the income share of the bottom 80%.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Bargain, Olivier ; Dolls, Mathias ; Immervoll, Herwig ; Neumann, Dirk ; Peichl, Andreas ; Pestel, Nico ; Siegloch, Sebastian (2014) Tax policy and income inequality in the U.S., 1979 - 2007. Open Access ZEW Discussion Papers Mannheim 14-001 [Working paper]
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