The economic impacts of tax-transfer policy: a microeconomic model of the regional and distributional effects of a negative income tax

The Economic Impacts of Tax—Transfer Policy: Regional and Distributional Effects deals with evaluating proposed income-transfer policies through tax modeling. The book analyzes the direct and indirect effects of two variants of a negative income tax plan. These are the standard negative income tax and the Family Assistance Plan. By studying the indirect effects of income-maintenance programs on industries, occupations, and different regions, the authors point to understanding the effectiveness of alternative income-maintenance programs. Proposed changes in national taxes and transfer policies aim to achieve income redistribution. In their studies and models, the authors noted that the full impact of these tax policies throughout the income spectra covering different income classes, industries, occupations, and regions is different from that gathered from observations involving the direct effects of these schemes. The authors cite some policy implications resulting from their study, such as the redistributional impacts of direct tax-transfer scheme are not as efficient as expected and that increasing the demand for low-skilled workers and improving their job qualities is one way of improving income distribution. The text is valuable for economists and government policymakers in the finance and labor sectors, as well as for sociologists and political economists. Content: Institute for Research on Poverty Monograph Series , Page ii Front Matter , Page iii Copyright , Page iv Inside Front Cover , Page v List of tables , Pages xi-xii Foreword , Pages xiii-xiv Preface , Page xv Acknowledgments , Page xvii 1 - Income transfers and income redistribution , Pages 1-5 2 - Two tax–transfer policy proposals—the basis for a simulation exercise , Pages 7-12 3 - Modeling the microeconomic effects of tax—transfer policy: Conceptual issues , Pages 13-25 4 - Modeling the microeconomic effects of tax—transfer policy: Empirical issues , Pages 27-52 5 - From first-round to final income redistribution: How much do antipoverty transfers equalize incomes? , Pages 53-79 6 - Between first-round and final income redistribution: The process of economic adjustment , Pages 81-123 7 - Summary and conclusions , Pages 125-130 Appendix A - Calculation of benefits from income-transfer programs , Pages 131-132 Appendix B - Simulated state supplementary welfare payments under FAP , Pages 133-136 Appendix C - Simulated tax revenues required to finance transfer programs , Pages 137-140 Appendix D - Estimation of marginal budget shares , Pages 141-146 Appendix E - Reconciliation of consumer expenditure categories with input—output categories , Pages 147-155 Appendix F - The formation of socioeconomic groups for expenditure models based on normal income , Pages 157-165 Appendix G - Estimation of ratios of employment to output, by industry and region , Pages 167-170 Appendix H - Statistical reliability of regional aggregation , Pages 171-175 Appendix I - Detailed occupational categories , Pages 177-180 Appendix J - Estimation of regional matrices of occupation by earnings class , Pages 181-185 Appendix K - Impacts of income-transfer policies on gross output, by detailed industry , Pages 187-189 Appendix L - Impacts of income-transfer policies on labor demand, by detailed occupational category , Pages 191-194 Subject index , Pages 195-198 Monograph on the effects of a proposed tax reform in the USA - presents a micro-economic simulation model designed to estimate the economic implications for employment, industry, consumer expenditure and income distribution, etc. Of a negative income tax or tax-transfer plan. Map, references and statistical tables Fredrick L. Golladay, Robert H. Haveman ; With The Assistance Of Kevin Hollenbeck. Includes Bibliographical References And Index.