Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/338923 
Erscheinungsjahr: 
2026
Schriftenreihe/Nr.: 
EconPol Policy Brief No. 82
Verlag: 
CESifo GmbH, Munich
Zusammenfassung: 
High and persistent inflation, observed in Europe in the wake of the COVID-19 pandemic and the energy crisis triggered by Russiaʼs war of aggression against Ukraine, can substantially shift tax burdens through fiscal drag - the tendency for rising nominal incomes to push taxpayers into higher brackets or reduce the real value of credits and deductions when these parameters are not fully indexed to inflation. Because most European personal income tax systems are progressive and defined in nominal terms, even unchanged real earnings can lead to higher effective tax rates, increasing revenues while eroding householdsʼ purchasing power and altering income distribution. In a recent paper (García-Miralles et al. 2026), we present a comprehensive assessment of fiscal drag across Europe, covering 21 countries, including all euro area members and Hungary. Using harmonized household survey data in combination with EUROMOD (Sutherland and Figari 2013), the tax-benefit microsimulation model for the EU, we provide new evidence on both the built-in scope for fiscal drag within personal income tax systems and the extent to which this phenomenon actually emerged between 2019 and 2023. This policy brief summarizes the key findings.
Dokumentart: 
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