People can also change the timing of when they earn and receive their income in response to government policies.

in Economics from Yale University (1962) and an M. Laffer earned a B. A.

Laffer is best known for the Laffer curve an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments. : /ˈlæfər/; born August 14 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89).