Table II. Regression results 2001 2002...

Table II.

Regression results

	2001		2002		2003		2004
Model	baseline	top10	baseline	top10	baseline	top10	baseline	top10
Dependent variable	ln(don)	ln(don)	ln(don)	ln(don)	ln(don)	ln(don)	ln(don)	ln(don)
Income	0.592^*** (0.0377)	0.643^*** (0.0464)	0.595^*** (0.0318)	0.609^*** (0.0427)	0.509^*** (0.0562)	0.571^*** (0.0732)	0.420^*** (0.0523)	0.431^*** (0.0671)
Income * top10		−0.0259 (0.0252)		−0.00261 (0.0266)		−0.0444 (0.0288)		−0.0135 (0.0257)
Movable capital	1.901^*** (0.144)	1.638^*** (0.151)	1.474^*** (0.109)	1.347^*** (0.142)	1.463^*** (0.146)	0.992 (0.184)	1.748^*** (0.201)	1.407 (0.256)
Movable capital * top10		0.469^*** (0.234)		0.205^*** (0.198)		0.604^*** (0.254)		0.474^*** (0.336)
Fixed capital	1.351^*** (0.100)	1.039 (0.0887)	1.264^*** (0.0944)	1.113 (0.0991)	1.577^*** (0.166)	1.326* (0.167)	1.315^** (0.148)	1.051 (0.154)
Fixed capital * top10		0.937^*** (0.230)		0.417^*** (0.197)		0.381^*** (0.263)		0.517^** (0.284)
Self-empl. direct	1.142^*** (0.0436)	1.042 (0.0519)	1.008 (0.0386)	1.027 (0.0545)	0.921 (0.0487)	1.092 (0.0892)	0.912 (0.0502)	1.146 (0.0997)
Self-empl. direct * top10		0.184^*** (0.0809)		−0.0197 (0.0753)		−0.190 (0.107)		−0.298 (0.122)
Self-empl. standard	1.098 (0.0859)	0.928 (0.0753)	0.926 (0.0742)	0.829 (0.0760)	0.654 (0.0721)	0.666 (0.0743)	0.648 (0.0765)	0.632 (0.0848)
Self-empl. stand. * top10		0.960^*** (0.310)		0.409 (0.208)		0.122 (0.172)		0.168 (0.210)
Other incomes	1.158 (0.0992)	1.726^*** (0.207)	0.943 (0.0881)	1.375* (0.220)	0.986 (0.0804)	1.125 (0.153)	0.995 (0.0932)	1.228 (0.173)
Other incomes * top10		−0.652 (0.232)		−0.501 (0.236)		−0.157 (0.177)		−0.324 (0.205)
Negative incomes	−0.327^*** (0.502)	−0.0140^** (0.417)	−0.794^*** (0.551)	−0.614^*** (0.532)	0.120* (0.503)	0.225 (0.432)	0.624 (0.453)	0.762 (0.397)
Lambda	0.210* (0.122)	0.329^** (0.128)	0.265^** (0.117)	0.308^** (0.124)	−0.0565 (0.165)	0.0286 (0.182)	−0.335^** (0.151)	−0.339^** (0.168)
Observations	51,907	51,907	47,189	47,189	48,259	48,259	58,787	58,787
R²	0.160	0.161	0.171	0.171	0.176	0.176	0.164	0.164

	2001		2002		2003		2004
Model	baseline	top10	baseline	top10	baseline	top10	baseline	top10
Dependent variable	ln(don)	ln(don)	ln(don)	ln(don)	ln(don)	ln(don)	ln(don)	ln(don)
Income	0.592^*** (0.0377)	0.643^*** (0.0464)	0.595^*** (0.0318)	0.609^*** (0.0427)	0.509^*** (0.0562)	0.571^*** (0.0732)	0.420^*** (0.0523)	0.431^*** (0.0671)
Income * top10		−0.0259 (0.0252)		−0.00261 (0.0266)		−0.0444 (0.0288)		−0.0135 (0.0257)
Movable capital	1.901^*** (0.144)	1.638^*** (0.151)	1.474^*** (0.109)	1.347^*** (0.142)	1.463^*** (0.146)	0.992 (0.184)	1.748^*** (0.201)	1.407 (0.256)
Movable capital * top10		0.469^*** (0.234)		0.205^*** (0.198)		0.604^*** (0.254)		0.474^*** (0.336)
Fixed capital	1.351^*** (0.100)	1.039 (0.0887)	1.264^*** (0.0944)	1.113 (0.0991)	1.577^*** (0.166)	1.326* (0.167)	1.315^** (0.148)	1.051 (0.154)
Fixed capital * top10		0.937^*** (0.230)		0.417^*** (0.197)		0.381^*** (0.263)		0.517^** (0.284)
Self-empl. direct	1.142^*** (0.0436)	1.042 (0.0519)	1.008 (0.0386)	1.027 (0.0545)	0.921 (0.0487)	1.092 (0.0892)	0.912 (0.0502)	1.146 (0.0997)
Self-empl. direct * top10		0.184^*** (0.0809)		−0.0197 (0.0753)		−0.190 (0.107)		−0.298 (0.122)
Self-empl. standard	1.098 (0.0859)	0.928 (0.0753)	0.926 (0.0742)	0.829 (0.0760)	0.654 (0.0721)	0.666 (0.0743)	0.648 (0.0765)	0.632 (0.0848)
Self-empl. stand. * top10		0.960^*** (0.310)		0.409 (0.208)		0.122 (0.172)		0.168 (0.210)
Other incomes	1.158 (0.0992)	1.726^*** (0.207)	0.943 (0.0881)	1.375* (0.220)	0.986 (0.0804)	1.125 (0.153)	0.995 (0.0932)	1.228 (0.173)
Other incomes * top10		−0.652 (0.232)		−0.501 (0.236)		−0.157 (0.177)		−0.324 (0.205)
Negative incomes	−0.327^*** (0.502)	−0.0140^** (0.417)	−0.794^*** (0.551)	−0.614^*** (0.532)	0.120* (0.503)	0.225 (0.432)	0.624 (0.453)	0.762 (0.397)
Lambda	0.210* (0.122)	0.329^** (0.128)	0.265^** (0.117)	0.308^** (0.124)	−0.0565 (0.165)	0.0286 (0.182)	−0.335^** (0.151)	−0.339^** (0.168)
Observations	51,907	51,907	47,189	47,189	48,259	48,259	58,787	58,787
R²	0.160	0.161	0.171	0.171	0.176	0.176	0.164	0.164

Notes:

***

p < 0.01,

p < 0.05; *p < 0.1. The null hypotheses are k <= 1, k + t <= 1 for t, β = 0 for the rest of variables (k > =1 for negative incomes). Results correspond to running equations (4) and (5). The estimation has been run using Stata (nl). For the list of control variables, see the text

Source: Author’s calculations with IEF tax microdata

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