Effects of Tax Reform on Labor Supply, Investment, and Saving
评估了1980年代美国两次重大税改（1981年减税和1986年税改）是否实现了增加劳动力供给和资本形成的目标，对关注税改实际效果的研究者和政策制定者有参考价值。
The U.S. tax system received two major overhauls during the 1980s: the tax cuts of 1981 and the Tax Reform Act of 1986. Supporters of both reforms argued that major changes in tax policy could boost saving, investment, labor supply, and entrepreneurship. Eventually, it was argued, such changes could reverse the slowdown in economic growth that began in the early 1970s and spur improvements in American living standards. The aim of this paper is to assess whether the goals of increased labor supply and capital formation were achieved.