The Marginal Cost of Public Funds
Bibliographic Data
| ID | 10177682 |
|---|---|
| Authors | Edgar K Browning (corresponding author) |
| Year | 1976 |
| Volume | 84 |
| Issue | 2 |
| Pages | 283-298 |
| Publication date | 1976-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260432 |
| OpenAlex | W1985164749 |
| Language | EN |
| Citations received | 24 |
| References cited | 4 |
The marginal cost of public funds is the direct tax burden plus the marginal welfare cost produced in acquiring the tax revenue. This paper estimates that the marginal cost of public funds for taxes on labor income in the United States ranges from 1.09 to 1.16 per dollar of tax revenue, depending on the progressivity of the change in the tax structure. Thus, government expenditures must be at least 9-16 percent more productive than private expenditures to produce a net welfare gain. In addition, the total welfare cost of income taxes in 1974 is estimated at $19 billion
Economics · Government (linguistics · Government revenue · Gross income · Income tax · Indirect tax · Labour economics · Liberian dollar · Marginal cost · Marginal utility · Market economy · Microeconomics · Monetary economics · Public economics · Revenue · State income tax · Tax deferral · Tax reform · Tax revenue · Welfare · Finance · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics
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| Unique citing works | 24 |
|---|---|
| Citations per year | 0,49 |
| Citation span | 1977 - 2026 (50) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 24 |