The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Negative Income Tax

  • Harold W. Watts
Reference work entry


The negative income tax is a concept which inspired an interesting crop of income transfer proposals aimed at reforming the welfare system of the 1960s. A substantial amount of analytic effort and empirical research was generated around the basic notion of negative taxes. Income transfer policy has been and continues to be influenced by this innovation.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Harold W. Watts
    • 1
  1. 1.