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| Parry, Ian W.H.. |
| This paper develops an analytical framework for comparing the marginal excess burden (MEB) of labor taxes and various commodity taxes, allowing for externalities and interactions between the taxes, and applies the analysis to the United Kingdom. Due to parameter uncertainty and model simplifications the results should be viewed with caution, nonetheless there are some useful insights. For example, even though taxes on petrol and cigarettes confer externality benefits, and these goods are relatively weak leisure substitutes, the MEB of these taxes may substantially exceed that of the labor income tax, except under "high" scenarios for externality benefits. In contrast the MEB for alcohol taxes may be smaller than that of the labor tax, though it is still... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Welfare cost; Labor tax; Cigarette tax; Alcohol tax; Petrol tax; Externalities; Political Economy; H21; H23; Q28. |
| Ano: 2001 |
URL: http://purl.umn.edu/10860 |
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| Parry, Ian W.H.. |
| It is widely perceived that projected public spending on transportation infrastructure in the metropolitan Washington, DC, area for the next 20 years will not be enough to halt, let alone reverse, the trend of increasing traffic congestion. Consequently, there has been much debate about how additional sources of local revenues might be raised to finance more transportation spending. This paper develops and implements an analytical framework for estimating the efficiency costs of raising $500 million per annum in local revenue from five possible sources. These sources are increasing labor taxes, property taxes, gasoline taxes, transit fares, and implementing congestion taxes. Our model incorporates congestion and pollution externalities, and it allows for... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Transportation; Taxes; Washington DC; Welfare cost; Public Economics; R48; H21; H23. |
| Ano: 2001 |
URL: http://purl.umn.edu/10552 |
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