Intertemporal Labor Supply Substitution? Evidence from the Swiss Income Tax Holidays


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Date

2021-02

Publication Type

Journal Article

ETH Bibliography

yes

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Data

Abstract

This paper estimates intertemporal labor supply responses to two-year long income tax holidays staggered across Swiss cantons. Cantons shifted from an income tax system based on the previous two years' income to a standard annual pay as you earn system, leaving two years of income untaxed. We find significant but quantitatively very small responses of wage earnings with an inter-temporal elasticity of .025 overall. High wage income earners and especially the self-employed display larger responses with elasticities around .1 and .25 respectively, most likely driven by tax avoidance. We find no effects along the extensive margin at all.

Publication status

published

Editor

Book title

Volume

111 (2)

Pages / Article No.

506 - 546

Publisher

American Economic Association

Event

Edition / version

Methods

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Geographic location

Date collected

Date created

Subject

Tax holidays; Labor supply; Frisch elasticity; Intertemporal labor supply elasticity; Income shifting; Income taxes; Tax avoidance

Organisational unit

06330 - KOF FB Konjunktur / KOF Macroeconomic forecasting check_circle
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute check_circle

Notes

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