Taxation and the Household Saving Rate: Evidence from OECD Countries
IMF Working Papers, March 1, 1998
Source details
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- Taxation and the Household Saving Rate: Evidence from OECD Countries
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Bibliographic details
- Authors: Howell H Zee, Vito Tanzi
- Published: March 1, 1998
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451845426.001
Summary
- Authors: Howell H Zee, Vito Tanzi
- Date: March 1, 1998
- Core purpose: Reanalyze the relationship between taxation and the household saving rate using standard savings and tax revenue data.
- Principal conclusion: The paper provides compelling and robust empirical evidence of a powerful impact of taxes on household savings; income taxes are shown to affect negatively the household saving rate much more than consumption taxes.
Key findings
- Taxes have a powerful impact on household savings (described as "compelling and robust empirical evidence").
- Income taxes affect the household saving rate negatively and to a substantially greater extent than consumption taxes.
- The analysis is grounded in standard savings and tax revenue data from OECD countries.
Methodology and scope
- Empirical analysis based on standard savings and tax revenue data.
- Focused on OECD countries (data source implied by title and description).
Subject and keywords (as provided)
- Subject: Consumption taxes, Income and capital gains taxes, Income tax systems, Revenue administration, Social security contributions, Taxes
- Keywords: consumption, consumption tax coefficient, Consumption taxes, GDP, GDP ratio, household savings, Income and capital gains taxes, income elasticity, Income tax systems, Social security contributions, tax, tax revenue, tax variable, WP
Howell H Zee and Vito Tanzi, "Taxation and the Household Saving Rate: Evidence from OECD Countries", IMF Working Papers 1998, 036 (1998), March 1, 1998.
Content in this bundle
- Taxation and the Household Saving Rate: Evidence from OECD Countries - WP/98/36