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Publication year
Marginal Tax Rates and Income Inequality in a Life-Cycle Model
Resource type
Authors/contributors
- Altig, David (Author)
- Carlstrom, Charles T. (Author)
Title
Marginal Tax Rates and Income Inequality in a Life-Cycle Model
Abstract
In this paper we study the quantitative impact of marginal tax rates on the distribution of income. Our methodology builds on computable general-equilibrium framework. We find that distortions from marginal tax rate changes of the sort implied by the Tax Reform Act of 1986 have sizable effects on income inequality in a reasonably quantified life-cycle setting: In our model rate changes alone capture half the increase in the pretax Gini that actually occurred between 1984 and 1989.
Publication
American Economic Review
Volume
89
Issue
5
Pages
1197-1215
Date
1999-12
Citation
Altig, D., & Carlstrom, C. T. (1999). Marginal Tax Rates and Income Inequality in a Life-Cycle Model. American Economic Review, 89, 1197–1215.
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