000			03128nab a2200313 c 4500
003			ES-MaIEF
005			20181115133122.0
007			ta
008			181115t2018 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_957470 _aMertens, Karel
245		0	_aMarginal tax rates and income _b new time series evidence _c Karel Mertens and José Luis Montiel Olea
260			_c2018
500			_aDisponible también en formato electrónico a través de la Biblioteca del IEF.
500			_aResumen.
504			_aBibliografía.
520			_aUsing new narrative measures of exogenous variation in marginal tax rates associated with postwar tax reforms in the United States, this study estimates short-run tax elasticities of reported income of around 1.2 based on time series from 1946 to 2012. Estimated elasticities are larger in the top 1% of the income distribution but are also positive and statistically significant for other income groups. Previous time series studies of tax returns data have found little evidence for income responses to taxes outside the top of the income distribution. The different results in this article arise because of additional efforts to account for dynamics, expectations, and especially the endogeneity of tax policy decisions. Marginal rate cuts lead to increases in real GDP and declines in unemployment. There is also evidence that the responses are to marginal tax rates rather than average tax rates. Counterfactual tax cuts targeting the top 1%alone are estimated to have short-run positive effects on economic activity and incomes outside of the top 1%, but to increase inequality in pretax incomes. Cuts for taxpayers outside of the top 1% also lead to increases in incomes and economic activity, but with a longer delay
650		4	_950200 _aRENTA
650		4	_947460 _aIMPUESTOS
650		4	_948570 _aTIPOS DE GRAVAMEN
650		4	_943299 _aELASTICIDAD IMPOSITIVA
650		4	_aESTADOS UNIDOS _942888
650		4	_925832 _aANALISIS DE SERIES TEMPORALES
700	1		_966716 _aMontiel Olea, José Luis
773	0		_9158090 _oOP 230/2018/4 _tThe Quarterly Journal of Economics _w(IEF)55704 _x 0033-5533 _gv. 133, Issue 4, November 2018, p. 1803-1884
856			_uhttps://watermark.silverchair.com/qjy008.pdf?token=AQECAHi208BE49Ooan9kkhW_Ercy7Dm3ZL_9Cf3qfKAc485ysgAAAiswggInBgkqhkiG9w0BBwagggIYMIICFAIBADCCAg0GCSqGSIb3DQEHATAeBglghkgBZQMEAS4wEQQMdP0EUKS5zlOtIIfhAgEQgIIB3soNyQ3b43vkdtQDRTKpvUwnXkd7eV4ofa2BPGohteHUAamFtA7muR-9lLbnS_ygAdstXGDT-clIgzZb6cIezVz2KNobSrU6f48HhpGPu7LdNub3ipIYXj4ETH9xirv65OkpzuLGw5GpRLwCX6KUdpqkfo66HLBMzId6ZVNL_f_dFm92gObhgd9om2gABSPYHRiScGVe5FSNqB9p6TN-TQ3_RsIpYSfH6jmtjw9pAUNuc5wbjExug9iiabCrF0pNcLtcdxpwLR4zDLpWeAPy6pMlIKCQit1YyAA965oOUlxsUV4EU5yCaFvZ209nP6HVDtHWRTpYB_Ta26cdUVWQeUbaBoD27bhSKpTX_Ogstm2ExYMCVSv3SSWvqZodzKb3wRwoVKVDaEmUaChEgnNpTOIzBZQN66ANrsNOqkfQRoMNftmhQNlv4NRMaUephavqZJRX71tzK3B5hrpqQlb7-Fwif0qkb_bEahZ0JnnMtyVAjrCFvbp8pkXgnv4y7ubOEYqQd4w3bCat-1kRQ2ipGEVH2hA1A96ojFbeNfPe59QuhbCFfba9JfjkmWyKNxb-gJp-tgTN1ByM4D9GnBg3eS9jSO6Zq_fMf1c6U7amsEeOajR8M8e7mvan3MyXlTg
942			_cART
999			_c139260 _d139260