Estimating the Social Marginal Cost of Public Funds: A Microdata Approach

Shun ichiro Bessho, Masayoshi Hayashi

研究成果: Article査読

2 被引用数 (Scopus)

抄録

In this study, we recast the formula of the social marginal cost of public funds (SMCF) and highlight the role of what we call individual marginal costs of public funds (IMCF). After elaborating on aspects of distributional weights, we estimate the wage elasticity of labor supply and the IMCFs on a household basis. This allows us to explore not only the distributions of the elasticity and the IMCFs but also their relations to household income, which helps us assess the assumptions made in previous studies. Further, we use the SMCF estimates to evaluate the system of personal income taxes in Japan.

本文言語English
ページ(範囲)360-385
ページ数26
ジャーナルPublic Finance Review
41
3
DOI
出版ステータスPublished - 2013 5

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Public Administration

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