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Does a Progressive PIT Stabilize the Economy? A Comparison of Progressive and Flat Taxes

dc.contributor.authorKrajewski, Piotren
dc.contributor.authorPiłat, Katarzynaen
dc.date.accessioned2017-03-14T09:30:15Z
dc.date.available2017-03-14T09:30:15Z
dc.date.issued2017-03-09en
dc.identifier.issn1508-2008en
dc.identifier.urihttp://hdl.handle.net/11089/20859
dc.description.abstractThe aim of the article is to examine the impact of progressive personal income tax rates and the effectiveness of this tax as an automatic economic stabilizer. The assessment of automatic stabilizers is based on the estimates of tax cyclical components. The study shows that the output elasticity of PIT is higher than one, which means that the analysed tax acts relatively efficiently as an automatic stabilizer. However, it was also observed that the tax progressivity is not the main reason of the effectiveness of a progressive PIT as an automatic stabilizer. The study shows that changes in progressive rates of PIT, contrary to widespread opinions, have little effect on the effectiveness of passive fiscal policy. Personal income tax acts as automatic stabilizer mostly due not to the progressive tax rates, but because of the sensitivity of employment to GDP fluctuations.en
dc.publisherWydawnictwo Uniwersytetu Łódzkiegoen
dc.relation.ispartofseriesComparative Economic Research;20en
dc.rightsThis work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.en
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0en
dc.subjectPITen
dc.subjecttaxesen
dc.subjectautomatic stabilizersen
dc.subjectfiscal policyen
dc.titleDoes a Progressive PIT Stabilize the Economy? A Comparison of Progressive and Flat Taxesen
dc.page.number21-34en
dc.contributor.authorAffiliationKrajewski, Piotr - Ph.D., Professor at Institute of Economics of the Polish Academy of Sciencesen
dc.contributor.authorAffiliationPiłat, Katarzyna - Ph.D., University of Lodz, Faculty of Economics and Sociology, Institute of Economicsen
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dc.contributor.authorEmailKrajewski, Piotr - krajewski@inepan.waw.plen
dc.contributor.authorEmailPiłat, Katarzyna - katarzyna.pilat@gmail.comen
dc.identifier.doi10.1515/cer-2017-0002en


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