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Optimal Income Taxation
Kaplow, Louis - National Bureau of Economic Research - 2022
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417
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Optimal Monetary Policy with Redistribution
La'O, Jennifer; Morrison, Wendy A. - National Bureau of Economic Research - 2024
We study optimal monetary policy in a general equilibrium economy with heterogeneous agents and nominal rigidities. Households differ in type-specific, state-contingent labor productivity and initial firm ownership, yet markets are complete. The fiscal authority has access to a linear tax...
Persistent link: https://www.econbiz.de/10015072863
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Global High-Resolution Estimates of the United Nations Human Development Index Using Satellite Imagery and Machine-learning
Sherman, Luke; Proctor, Jonathan; Druckenmiller, Hannah; … - National Bureau of Economic Research - 2023
The United Nations Human Development Index (HDI) is arguably the most widely used alternative to gross domestic product for measuring national development. This is in large part due to its multidimensional nature, as it incorporates not only income, but also education and health. However, the...
Persistent link: https://www.econbiz.de/10014247965
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Real-Time Poverty, Material Well-Being, and the Child Tax Credit
Han, Jeehoon; Meyer, Bruce D.; Sullivan, James X. - National Bureau of Economic Research - 2022
In response to the COVID-19 pandemic two new timely poverty measures have been developed to monitor fast …-changing economic conditions for the most deprived. The Han et al. near real-time poverty measure uses responses to a global income … poverty measure, widely cited in the media, uses data from the Annual Social and Economic Supplement to the CPS and other …
Persistent link: https://www.econbiz.de/10013362025
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Growth Elasticities of Poverty Reduction
Ravallion, Martin - National Bureau of Economic Research - 2022
poverty with respect to changes in the mean of the distribution of income, thus analytically linking the poverty measures to … key macroeconomic aggregates. Numerous insights are found in Kakwani's elasticities. However, the literature on poverty … and growth since then has revealed that the impacts of economic growth on poverty, as observed in practice, can be …
Persistent link: https://www.econbiz.de/10013362055
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Children's Indirect Exposure to the U.S. Justice System : Evidence from Longitudinal Links between Survey and Administrative Data
Finlay, Keith; Mueller-Smith, Michael; Street, Brittany - National Bureau of Economic Research - 2023
Children's indirect exposure to the justice system through biological parents or co-resident adults is both a marker of their own vulnerability and a measure of the justice system's expansive reach in society. Estimating the size of this population for the United States has historically been...
Persistent link: https://www.econbiz.de/10014287362
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Globalization and Factor Income Taxation
Bachas, Pierre; Fisher-Post, Matthew H.; Jensen, Anders; … - National Bureau of Economic Research - 2022
How has globalization affected the relative taxation of labor and capital, and why? To address this question we build and analyze a new database of effective macroeconomic tax rates covering 150 countries since 1965, constructed by combining national accounts data with government revenue...
Persistent link: https://www.econbiz.de/10013172119
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Notes on Optimal Wage Taxation and Uncertainty
Eaton, Jonathan - 1979
Most contributions to optimal tax theory have assumed that all prices, including that of leisure, are known with certainty. The purpose of this paper is to analyze optimal taxation when workers have imperfect information about their wages at the time they choose their labor supplies. Both...
Persistent link: https://www.econbiz.de/10012478760
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Bounds on Elasticities with Optimization Frictions : A Synthesis of Micro and Macro Evidence on Labor Supply
Chetty, Raj - 2009
How can price elasticities be identified when agents face optimization frictions such as adjustment costs or inattention? I derive bounds on structural price elasticities that are a function of the observed effect of a price change on demand, the size of the price change, and the degree of...
Persistent link: https://www.econbiz.de/10012463033
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Optimal Minimum Wage Policy in Competitive Labor Markets
Lee, David - 2008
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment...
Persistent link: https://www.econbiz.de/10012464328