Economics Commons^™

On The Treatment Of Income Tax Rates In Empirical Analysis Of Tax Evasion, Steven E. Crane, Farrokh Nourzad

Economics Faculty Research and Publications

In this paper, it is argued that average tax rates exert an influence on income tax evasion separate from, and opposite to that of marginal tax rates. Failure to account for this effect in empirical evasion models biases the parameter estimate of the marginal rate in a predictable manner. Evidence from an aggregate empirical model of evasion in the US indicates that the marginal tax rate is positively related to evasion, whereas the average tax rate is negatively related. Further, exclusion of the average rate from the model does in fact bias the parameter estimate of the marginal tax rate.

Monetary Aggregates As A Target Variable: A Comment, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

A Reexamination Of The Effect Of Rapid Military Spending On Inflation, Farrokh Nourzad

Economics Faculty Research and Publications

The hypothesis that rapid defense buildups contribute to inflation recently has been rejected by Donald F. Vitaliano. In this paper, it is argued that this result is misleading, given that it is obtained under the implausible assumption of constancy of the expected real rate of interest. The hypothesis is reexamined using a well-known measure of the expected inflation rate, and it is found that growth of defense spending has a statistically significant positive effect on the rate of price inflation.

Review Of Advances In Monetary Economics By David Currie, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

Interest Rate Volatility And The Demand For Money, James Mcgibany, Farrokh Nourzad

Economics Faculty Research and Publications

No abstract provided.

Monetary Policy, Fiscal Policy, And Aggregate Economic Activity In Korea, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

Inflation And Tax Evasion: An Empirical Analysis, Steven E. Crane, Farrokh Nourzad

Economics Faculty Research and Publications

This paper contains an analysis of the effect of inflation on aggregate tax evasion in the United States over the period 1947-81. It is found that tax evasion in both absolute and relative terms is positively related to the inflation rate. Further, the results indicate that aggregate evasion has risen in both absolute and relative terms with increases in the marginal tax rate, but has fallen with increases in the detection probability, the penalty rate, and the wage share of income. Finally, evasion has risen in absolute terms but has fallen in relative terms when real true income has risen.

Monetary And Fiscal Impacts On Economic Activity In Bangladesh: A Note, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

The Significance Of Recent Developments In The Philosophical Analysis Of Reference For Neoclassical Economics, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Tax Rate Changes, Interest Rate Volatility, And The Decline In Velocity, 1981-1983, James Mcgibany, Farrokh Nourzad

Economics Faculty Research and Publications

One of the most puzzling economic events in the U.S. during this decade has been the dramatic decline in the growth rate of the income velocity of money. From the fourth quarter of 1981 to the second quarter of 1983, the velocity growth rate fell by nearly 4% as opposed to its 3% trend growth rate. Traditional models have been unable to fully capture this unusual behavior of velocity, over predicting its rate of growth. The present study is concerned with this over prediction problem and attempts to more accurately explain the decline in the velocity growth rate in the …

Monetary Policy, Fiscal Policy, And Investment Spending: An Empirical Analysis, Abdur Chowdhury, James S. Fackler, W. Douglas Mcmillin

Economics Faculty Research and Publications

No abstract provided.

The Effect Of Market Power On The Fringe Benefit Share Of Labor Compensation, Brian Brush, Steven E. Crane

Economics Faculty Research and Publications

No abstract provided.

Review Of Prices, Wages And Business Cycles By Burton H. Klein, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

Time Value Of Money And Income Tax Evasion Under Risk-Averse Behavior: Theoretical Analysis And Empirical Evidence, Steven E. Crane, Farrokh Nourzad

Economics Faculty Research and Publications

No abstract provided.

Wage Share, Market Power And Unionism: Some Contrary U.S. Evidence, Brian C. Brush, Steven E. Crane

Economics Faculty Research and Publications

In a recent article, Cowling and Molho (1982) presented empirical evidence on the relationships among the wage share, market power, and unionism in the U.K. Using multiple regression analysis on cross-sectional 1968 data for 118 industries,¹ they found strong, negative relationships between the share of production worker wages in value added and two measures of monopoly power in the product market, namely, concentration and advertising intensity. However, utilizing several alternative measures of union power, they found only limited support for the hypothesis that union power is positively associated with this wage share. Cowling and Molho (hereafter, GM) also examined …

Income Tax Evasion: Some Aggregate Empirical Evidence, Steven E. Crane, Farrokh Nourzad

Economics Faculty Research and Publications

It is well-known that every year a substantial amount of income evades income taxation. This is obviously a significant policy problem. To solve this problem, the tax authorities must have information about the factors that taxpayers consider when deciding how much income to report on their tax returns. The need for such information has prompted a number of theoretical and empirical studies of the evasion problem.

In this paper some aggregate empirical evidence on income tax evasion in the U.S. is provided. This is accomplished by specifying an aggregate tax evasion function which is estimated over the period 1947-78. The …

The Transformation Of Ricardo's Principles Through The Addition Of The 'On Machinery' Chapter, John B. Davis

Economics Faculty Research and Publications

It is generally believed that the addition of the "On Machinery" chapter to the third edition of the Principles little changed Ricardo's basic analysis of the accumulation process in early nineteenth century England. however, Ricardo's admission - and reversal of his former opinion - that involuntary unemployment might well occur with the introduction of labor-displacing machinery does alter the relationship between landlords, capitalists, and laborers, as well as change the opportunities for capital accumulation. This paper examines these changes, and their impact upon the conception of the first two editions of the Principles.

Industry Growth, Labor Compensation, And Labor's Share Of Value Added In Us Manufacturing, 1967-1979, Brian C. Brush, Steven E. Crane

Economics Faculty Research and Publications

No abstract provided.

What Do Labor Productivity Data Show About Economies Of Scale: Comment, Brian Brush

Economics Faculty Research and Publications

No abstract provided.

Review Of Contested Terrain, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Illinois Gross State Product, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Errors In The Measurement Of Concentration And The Advertising-Concentration Controversy, Brian Brush

Economics Faculty Research and Publications

No abstract provided.

Poverty In Illinois, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

The Influence Of Market Structure On Industry Advertising Intensity, Brian C. Brush

Economics Faculty Research and Publications

No abstract provided.

Pricing And Welfare In Urban Transportation, Masatoshi A. Abe

Economics Faculty Research and Publications

No abstract provided.