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| Author: | Rousslang, D. Tokarick, S. |
| Title: | Estimating the welfare cost of tariffs: the roles of leisure and domestic taxes |
| Journal: | Oxford Economic Papers
1995 : JAN, VOL. 47:1, p. 83-97 |
| Index terms: | WELFARE ESTIMATION TAXATION |
| Language: | eng |
| Abstract: | In this paper, the authors use an applied general equilibrium model to estimate the welfare cost of a uniform US tariff. The model accounts for the work - leisure distortion imposed by domestic taxes and allows leisure and non-traded goods to be net complements in demand, as is suggested by empirical evidence. Applied trade models generally fail to account for the work-leisure distortion, because they omit leisure or domestic taxes, and they use utility functions such as Cobb-Douglas, Stone-Geary, or CES that preclude net complementarity in demand. |
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