The Income Elasticity of Tax Revenue: Estimates for Income and Consumption Taxes in the United Kingdom

John Creedy and Norman Gemmell

Fiscal Studies, 2004, vol. 25, issue 1, 55-77

Abstract: This paper provides estimates of individual and aggregate revenue elasticities of income and consumption taxes in the UK over the period 1989-2000. Its shows how budgetary changes, including changes to income-related deductions, have substantially affected income elasticities. The estimates of consumption tax revenue elasticities show that changes in consumption patterns over time are important. A merit of the approach used here is that elasticity estimates can be calculated readily from official published sources.

JEL-codes: H24 H30 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ifs:fistud:v:25:y:2004:i:1:p:55-77

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