Do tax cuts increase consumption?: An experimental test of Ricardian equivalence
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| Beteiligte Personen: | , |
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| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Berlin
Freie Univ. Berlin, FB Wirtschaftswiss.
2014
|
| Schriftenreihe: | Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin
2014,16 : Economics |
| Schlagwörter: | |
| Links: | http://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000020621 |
| Abstract: | This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel data methods, we find that the Ricardian Equivalence proposition does not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption to decrease by about 30% of the tax increase. These results are robust with respect to variations in the difficulty to smooth consumption. In our experiment, we find the behavior of about 62% of our subjects to be inconsistent with the Ricardian proposition. Our results show dynamic effects; taxation inuences consumption beyond the current period. |
| Umfang: | 1 Online-Ressource (35 S.) graph. Darst. |
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| 245 | 1 | 0 | |a Do tax cuts increase consumption? |b An experimental test of Ricardian equivalence |c Thomas Meissner ; Davud Rostam-Afschar |
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| 520 | 3 | |a This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel data methods, we find that the Ricardian Equivalence proposition does not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption to decrease by about 30% of the tax increase. These results are robust with respect to variations in the difficulty to smooth consumption. In our experiment, we find the behavior of about 62% of our subjects to be inconsistent with the Ricardian proposition. Our results show dynamic effects; taxation inuences consumption beyond the current period. | |
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| indexdate | 2025-01-11T14:29:45Z |
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| language | English |
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| series | Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin |
| series2 | Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin |
| spelling | Meissner, Thomas Verfasser (DE-588)1043328068 aut Do tax cuts increase consumption? An experimental test of Ricardian equivalence Thomas Meissner ; Davud Rostam-Afschar Berlin Freie Univ. Berlin, FB Wirtschaftswiss. 2014 1 Online-Ressource (35 S.) graph. Darst. txt rdacontent c rdamedia cr rdacarrier Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2014,16 : Economics This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel data methods, we find that the Ricardian Equivalence proposition does not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption to decrease by about 30% of the tax increase. These results are robust with respect to variations in the difficulty to smooth consumption. In our experiment, we find the behavior of about 62% of our subjects to be inconsistent with the Ricardian proposition. Our results show dynamic effects; taxation inuences consumption beyond the current period. Ricardianische Äquivalenz (DE-588)106402565X gnd rswk-swf Ricardianische Äquivalenz (DE-588)106402565X s DE-188 Rostam-Afschar, Davud 1983- Verfasser (DE-588)1075659485 aut Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2014,16 : Economics (DE-604)BV026641400 2014,16 http://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000020621 kostenfrei Volltext |
| spellingShingle | Meissner, Thomas Rostam-Afschar, Davud 1983- Do tax cuts increase consumption? An experimental test of Ricardian equivalence Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin Ricardianische Äquivalenz (DE-588)106402565X gnd |
| subject_GND | (DE-588)106402565X |
| title | Do tax cuts increase consumption? An experimental test of Ricardian equivalence |
| title_auth | Do tax cuts increase consumption? An experimental test of Ricardian equivalence |
| title_exact_search | Do tax cuts increase consumption? An experimental test of Ricardian equivalence |
| title_full | Do tax cuts increase consumption? An experimental test of Ricardian equivalence Thomas Meissner ; Davud Rostam-Afschar |
| title_fullStr | Do tax cuts increase consumption? An experimental test of Ricardian equivalence Thomas Meissner ; Davud Rostam-Afschar |
| title_full_unstemmed | Do tax cuts increase consumption? An experimental test of Ricardian equivalence Thomas Meissner ; Davud Rostam-Afschar |
| title_short | Do tax cuts increase consumption? |
| title_sort | do tax cuts increase consumption an experimental test of ricardian equivalence |
| title_sub | An experimental test of Ricardian equivalence |
| topic | Ricardianische Äquivalenz (DE-588)106402565X gnd |
| topic_facet | Ricardianische Äquivalenz |
| url | http://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000020621 |
| volume_link | (DE-604)BV026641400 |
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