Salience and Taxation: Theory and Evidence - Federal Reserve Bank

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C.

Salience and Taxation: Theory and Evidence

Raj Chetty, Adam Looney, and Kory Kroft 2009-11

NOTE: Staff working papers in the Finance and Economics Discussion Series (FEDS) are preliminary materials circulated to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors. References in publications to the Finance and Economics Discussion Series (other than acknowledgement) should be cleared with the author(s) to protect the tentative character of these papers.

"'2/+4)+ '4* #'>':/54 #.+58? '4*  /4)2;9/ ,58 ' :.8++ =++1 6+8/5* ")'44+8 *':' 9.5= :.': :./9 /4:+86+8/3+4: '4* :5 .8/9:56.+8 '86+4:+8 +D8+? /854 '4* /4' #+:+2(';3 ,58 9.'8/4- *':' 54 '2)5.52 8+-;2':/549 #.'419 :5 +58-+ 1+825, '