Incentives and Redistribution in the Welfare State The Swedish Tax R
This book reviews the lessons from the Swedish 1991 tax reform, the most far-reaching tax reform in any Western industrialized country in the post-war period. The authors discuss a range of behavioural responses (including tax planning, savings, labour su
- PDF / 26,243,564 Bytes
- 260 Pages / 396.85 x 612.283 pts Page_size
- 24 Downloads / 165 Views
Incentives and Redistribution in the Welfare State The Swedish Tax Reform Jonas Agell
Professor of Economics Uppsala University
Peter Englund
Professor of Economics Uppsala University
and
Jan Sodersten
Professor of Economics Uppsala University
FII'St published in Great Britain 1998 by
MACMILLAN PRESS LTD
Houndmills, Basingstoke, Hampshire RG21 6XS and London Companies and representatives throughout the world A catalogue record for this book is available from the British Library. ISBN 978-1-349-26824-5 ISBN 978-1-349-26822-1 (eBook) DOI 10.1007/978-1-349-26822-1 First published in the United States of America 1998 by
ST. MARTIN'S PRESS, INC.,
Scholarly and Reference Division, 175 Fifth Avenue, New York, N.Y. 10010 ISBN 978-0-312-21072-4 Library of Congress Cataloging-in-Publication Data Agell, Jonas. Incentives and redistribution in the welfare state : the Swedish tax reform I Jonas Agell, Peter Englund, and Jan Stidersten. p. em. Revised and translated from Swedish. Includes bibliographical references and index. ISBN 978-0-312-21072-4 I. Taxation-Sweden. 2. Taxation-Law and legislation-sweden. 3. Saving and investment-Sweden. 4. Labor supply-Sweden. 5. Public welfare-Sweden. I. Englund, Peter, 1950ll. Stidersten, Jan. Ill. Title. HJ2835.A65 1998 336.2'05'09485-DCZI 97-18337 CIP
© Jonas Agell, Peter Englund and Jan SOdersten 1998 Softcover reprint of the hardcover I st edition 1998 978-0-333-71201-6
All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WIP 9HE. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. 10 07
9 8 7 6 06 05 04 03
5 02
4 01
3 ()(}
2 1 99 98
Contents viii
List of Tables List of Figures
X
xiii
Preface 1
Introduction
1
1.1 What TR91 implied
1.2 1.3 1.4 1.5 1.6 2
3
4
A natural experiment? Behavioural responses Income distribution Efficiency - a double dividend Conclusions
4 6 8 17 19 21
Tax Planning
24
2.1 2.2 2.3 2.4 2.5
25 26 28 33 34
Differential taxation of individuals Differential taxation of companies Differential taxation of income The effects of tax planning The tax reform
Savings and Consumption
39
3.1 3.2 3.3 3.4 3.5
41 45 52 56 61
Savings incentives before and after TR91 The aggregate consumption response The portfolio response Consumption patterns Housing demand
The Corporate Response
4.1 4.2 4.3 4.4 4.5 4.6 4.7
72
