The marginal value of public funds: a brief guide and application to tax policy

IF 1 4区经济学 Q3 ECONOMICS

International Tax and Public Finance Pub Date : 2024-08-27 DOI:10.1007/s10797-024-09860-x

Spencer Bastani

引用次数: 0

Abstract

This paper provides a brief and accessible guide to the Marginal Value of Public Funds (MVPF) and offers some new perspectives on its application to the evaluation of tax policy. Specifically, the paper aims to: (i) bridge the gap between traditional uses of the Marginal Cost of Public Funds and the growing interest in the MVPF approach, (ii) highlight the crucial link between the MVPF and tax policy, (iii) critically discuss empirical quantification, particularly with respect to tax elasticities, and (iv) explore distributional considerations and their connection to the literature on optimal redistributive taxation.

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公共资金的边际价值：简要指南及在税收政策中的应用

本文简要介绍了公共资金边际价值（MVPF），并对其在税收政策评估中的应用提出了一些新的观点。具体而言，本文旨在：(i) 弥合公共资金边际成本的传统用法与人们对 MVPF 方法日益增长的兴趣之间的差距；(ii) 强调 MVPF 与税收政策之间的重要联系；(iii) 批判性地讨论经验量化，尤其是税收弹性；(iv) 探讨分配方面的考虑因素及其与最优再分配税收文献之间的联系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Tax and Public Finance ECONOMICS-

CiteScore

2.40

自引率

10.00%

发文量

期刊介绍： INTERNATIONAL TAX AND PUBLIC FINANCE publishes outstanding original research, both theoretical and empirical, in all areas of public economics. While the journal has a historical strength in open economy, international, and interjurisdictional issues, we actively encourage high-quality submissions from the breadth of public economics.The special Policy Watch section is designed to facilitate communication between the academic and public policy spheres. This section includes timely, policy-oriented discussions. The goal is to provide a two-way forum in which academic researchers gain insight into current policy priorities and policy-makers can access academic advances in a practical way. INTERNATIONAL TAX AND PUBLIC FINANCE is peer reviewed and published in one volume per year, consisting of six issues, one of which contains papers presented at the annual congress of the International Institute of Public Finance (refereed in the usual way). Officially cited as: Int Tax Public Finance