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Measuring "Schmeduling".

What mental models do individuals use to approximate their tax schedule? Using incentivized forecasts of the U.S. Federal income tax schedule, we estimate the prevalence of the "schmeduling" heuristics for constructing mental representations of nonlinear incentive schemes. We find evidence of widesp...

Full description

Published in:Review of Economic Studies Vol. 87; no. 5; pp. 2399 - 2439
Main Authors: Rees-Jones, Alex, Taubinsky, Dmitry
Format: Article
Published: Oxford University Press / USA Oct2020
Subjects:
Income inequality
Income tax
Tax rates
Patterns (Mathematics)
Mental representation
Online Access:View this record in EBSCOhost