Taxes, Saving, and Welfare: Theory and Evidence
Charles E. McLure, Jr.
Authors registered in the RePEc Author Service: Charles E. Mclure, Jr. ()
No 504, NBER Working Papers from National Bureau of Economic Research, Inc
The purpose of this paper is to review theoretical analysis and results of empirical research on the effects of taxation on private saving and economic welfare. One basic conclusion of section II is that long-established results of theoretical analysis are often ignored or misunderstood by economists, as well as by policy-makers, and the lessons of more recent theoretical analyses of optimal taxation have been only dimly perceived. This generally inadequate conceptual state of affairs is mirrored in empirical analysis, the subject of section III, where it appears that the few serious scholars working at trying to untangle the effects of taxation on saving and welfare have not always been asking -- or even recognizing -- the "right"questions. But the problems of empirical analysis go beyond those that result from failure to frame the research question carefully. Limitations posed by inadequate data and econometric difficulties make it difficult even to arrive at a satisfactory answer to the wrong question.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Published as McLure, Jr., Charles E. "Taxes, Saving, and Welfare: Theory and Evidence." National Tax Journal, Vol. 33, No. 3, (September 1980), pp. 311-320.
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:0504
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().