1. Introduction to Tax Policy
... interpreted by the sign on the coefficients not their magnitude. However, these variables can be difficult to measure through questionnaires merely and many different economic techniques have been used to account for certain biases in results around it. To explore this question, Fehr and Schmidt developed a utility model in 1999 assumed that people get utility from income and disutility from being worse off or ... better off than other people within a progressive tax system. This utility model led to Doerrenberg and Peichl's effort in trying to prove two hypotheses. The first one is that...
- Word Count: 674
- Approx Pages: 3
- Grade Level: Graduate