Showing 1 - 10 of 284
Persistent link: https://www.econbiz.de/10013480737
This paper investigates budgetary rules for an economy characterized by inflation and volatile relative prices. We view the budgetary process as a limited contingencies contract between the treasury and the ministers. The budgetary process allows a minister, whose realized real budget falls...
Persistent link: https://www.econbiz.de/10012473531
clear net GDP cost of high tax-based social spending on GDP, despite a tradition of assuming that such costs are large. The … policy had strayed out of sample, away from any actual historical experience. Third, the tax strategies of high …
Persistent link: https://www.econbiz.de/10012468828
only in the retirement income system but also through increased income, payroll, and consumption tax revenue on any induced …
Persistent link: https://www.econbiz.de/10012469248
The Voting Rights Act of 1965 (VRA) has been called one of the most effective pieces of civil rights legislation in U.S. history, having generated dramatic increases in black voter registration across the South. We show that the expansion of black voting rights in some southern states brought...
Persistent link: https://www.econbiz.de/10012460885
Inflation-adjusted spending on means-tested subsidies have increased sharply since 2007, and most of this growth was due to changes in eligibility rules, and increases in subsidies per eligible person, rather than increases in the number of people who would have been eligible under pre-recession...
Persistent link: https://www.econbiz.de/10012461004
The extent of social expenditures in the U.S. and the Nordic Countries is compared in the early 1900s and again in the early 2000s. The common view that America spends much less on social welfare than the Nordic countries does not survive closer inspection when we consider the differences in the...
Persistent link: https://www.econbiz.de/10012462671
In addition to traditional forms of private and public medical insurance, two other large programs help pay for costs associated with ill health. In 2007, Workers Compensation (WC) insurance provided $55.4 billion in medical care and cash benefits to employees who are injured at work or contract...
Persistent link: https://www.econbiz.de/10012462756
of shifting trends in population health for medical care costs, labor supply, earnings, wealth, tax revenues, and …
Persistent link: https://www.econbiz.de/10012463418
One measure of the health of the Social Security system is the difference between the market value of the trust fund and the present value of benefits accrued to date. How should present values be computed for this calculation in light of future uncertainties? We think it is important to use...
Persistent link: https://www.econbiz.de/10012463479