Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

The Empirical Foundations of Supply-Side Economics

September 27, 2013

(All day)

Omni Hotel, Chicago
Organizers
Alan Auerbach, University of California, Berkeley
Richard Blundell, University College London
Lars Peter Hansen, University of Chicago
James J. Heckman, University of Chicago

Featured Media Playlist

The appropriate levels of taxes and government spending are hotly debated around the world. At the core of the debate is the responsiveness of economic activity to taxation. How badly do taxes distort the economy? How large are the benefits of reduced taxation?

This conference summarized the best existing evidence on those key questions, with the aim of providing a factual grounding essential for progress in economic policy.

Leading tax experts Richard Blundell and Alan Auerbach each presented a paper focusing on these aspects:

  • What are the effects of taxation on earnings and their impact on labor supply, occupational choice, and the acquisition of skills?
  • What are the effects of taxes on capital income, corporate activity, and saving?

A panel of distinguished discussants shared their own perspectives on each featured paper. The papers and discussion outlined what research tells us on these issues and defined the open questions.

The conference concluded with a panel of four experts with inside-the-Beltway tax policy experience. They concluded that we have considerable evidence to guide optimal tax policy—but many significant questions and implementation challenges remain.

Click panel titles below for more details.

See the full playlist of panels on YouTube »

September 27, 2013 (All day)