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Tax progressivity and output : evidence from OECD countries
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Autores
Orientador(es)
Resumo(s)
Compared to the economic effects of tax rates, those of tax progressivity have been much less
studied. In this paper, we estimate the output effects of changes in tax progressivity using a
data set of 33 OECD economies since 1980. Our results show that tax progressivity affects the
economy in a way that is broadly consistent with the predictions of a standard neoclassical
growth model. In particular, increasing tax progressivity reduces the economy’s growth rate
temporarily and the level of income per capita permanently. Both effects are sizable,
statistically significant, and robust. Our findings also emphasize the importance of including
both the tax rate and tax progressivity in the estimation: omitting either can lead to biased
results.
Descrição
Palavras-chave
Tax progressivity Tax rates Economic Growth Panel Data Local Projections
Contexto Educativo
Citação
Jalles, João Tovar e Georgios Karras (2023). "Tax progressivity and output : evidence from OECD countries". REM Working paper series, nº 0293/2023
Editora
ISEG - REM - Research in Economics and Mathematics