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Journal of the Japanese and International Economies, 2015 Abstract This paper investigates the Laffer curves in Japan, based on a neoclassical growth model. It is found that while the labor tax rate is smaller than that at the peak of the Laffer curve, the capital tax rate is either very close to, or larger than, that at the peak of the Laffer curve.
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Fiscal Studies, 1980
Some recent attention has been given to the so called 'Laffer Curve'. This analysis begins from the observation that tax rates of zero and tax rates of one hundred per cent can both be expected to yield no government revenue. There is therefore a function relating tax revenue and tax rate-the Laffer curve-and if this function is continuous it achieves ...
R Hemming, J A Kay
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Some recent attention has been given to the so called 'Laffer Curve'. This analysis begins from the observation that tax rates of zero and tax rates of one hundred per cent can both be expected to yield no government revenue. There is therefore a function relating tax revenue and tax rate-the Laffer curve-and if this function is continuous it achieves ...
R Hemming, J A Kay
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Laffer Curves and public goods [PDF]
, 2015 We set out and solve a static neoclassical model with a labor/leisure choice for agents and a government sector producing a Samuelsonian public good. Numerical solutions vary considerably with the elasticity of substitution for commodities in an agent's utility function.
Hartwick, John, Hartwick, John
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A Non-Singular Peaked Laffer Curve: Debunking the Traditional Laffer Curve
The American Economist, 2004This paper has two purposes: first, to demonstrate a utility function of consumption and leisure that leads to a backward-bending supply of labor. The second purpose is to show that in spite of the fact that a Laffer curve of any individual in a society may have one-peak point where tax revenue is at its maximum, the aggregate (macro) Laffer curve is ...
Uriel Spiegel, Joseph Templeman
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2020
In this chapter, we discuss the Laffer Curve. We look at the effect of AI on the curve. Arthur Laffer advanced an argument that changes in tax rates affect government revenues differently in the short term and an extended basis. Initially, the increase in the tax rate would be followed by an increase in tax revenues generated by the government.
Tankiso Moloi, Tshilidzi Marwala
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In this chapter, we discuss the Laffer Curve. We look at the effect of AI on the curve. Arthur Laffer advanced an argument that changes in tax rates affect government revenues differently in the short term and an extended basis. Initially, the increase in the tax rate would be followed by an increase in tax revenues generated by the government.
Tankiso Moloi, Tshilidzi Marwala
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Journal of Monetary Economics, 2011
Abstract Laffer curves for the US, the EU-14 and individual European countries are compared, using a neoclassical growth model featuring “constant Frisch elasticity” (CFE) preferences. New tax rate data is provided. The US can maximally increase tax revenues by 30% with labor taxes and 6% with capital taxes. We obtain 8% and 1% for the EU-14.
Mathias Trabandt, Harald Uhlig
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Abstract Laffer curves for the US, the EU-14 and individual European countries are compared, using a neoclassical growth model featuring “constant Frisch elasticity” (CFE) preferences. New tax rate data is provided. The US can maximally increase tax revenues by 30% with labor taxes and 6% with capital taxes. We obtain 8% and 1% for the EU-14.
Mathias Trabandt, Harald Uhlig
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2021
Laffer built his career on a defense of the fixed-exchange-rate system that by the mid-1970s had become an artifact of the past. His monetary economics, though vindicated, now no longer described the extant system but was an appeal for reform. In this context he devised an economics of domestic growth, which he determined had to be at the center of any
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Laffer built his career on a defense of the fixed-exchange-rate system that by the mid-1970s had become an artifact of the past. His monetary economics, though vindicated, now no longer described the extant system but was an appeal for reform. In this context he devised an economics of domestic growth, which he determined had to be at the center of any
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Politics, Time, and the Laffer Curve
Journal of Political Economy, 1982Why should a rationally motivated political decision process generate an inverse relationship between tax rates and tax revenues? There would never seem a logical reason for increasing tax rates beyond maximum revenue limits. In this note, we explain how such a position can emerge and show why, once in such a position, political decision makers may ...
Buchanan, James M, Lee, Dwight R
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