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Bargaining over Taxes and Entitlements in the Era of Unequal Growth
Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022
Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
Persistent link: https://www.econbiz.de/10013210072
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The Supplemental Poverty Measure : A New Method for Measuring Poverty
Fitzgerald, John; Moffitt, Robert A. - National Bureau of Economic Research - 2022
We propose a new measure of the rate of poverty we call the Supplemental Expenditure Poverty Measure (SEPM) based on … the minimum bundle necessary to meet basic needs. Our measure differs from conventional income and consumption poverty in … both concept and measurement and it has advantages relative to both. Poverty rates using our basic measure are very close …
Persistent link: https://www.econbiz.de/10013210084
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Depression and Loneliness Among the Elderly Poor
Banerjee, Abhijit V.; Duflo, Esther; Grela, Erin; … - National Bureau of Economic Research - 2022
alone, we document that social isolation, poverty, and health challenges are three of the leading correlates of depression …
Persistent link: https://www.econbiz.de/10013388786
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Of Markets and Marriages : A Multidisciplinary, Multibook Review Essay of Recent Work on the Causes of U.S. Poverty
Ananat, Elizabeth Oltmans - National Bureau of Economic Research - 2024
I discuss recent books offering differing explanations for persistent U.S. poverty. Desmond (2023) argues that aid to …
Persistent link: https://www.econbiz.de/10015072908
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A Supply Curve for Forest-Based CO₂ Removal
Franklin, Sergio Luis; Pindyck, Robert S. - National Bureau of Economic Research - 2024
Forestation is viewed as an important means of removing CO₂ from the atmosphere and thereby reducing net CO₂ emissions. But how much CO₂ can be removed, and at what cost? Focusing on forested and forestable areas in South America, and using spatially disaggregated data, we estimate a...
Persistent link: https://www.econbiz.de/10014512061
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Solving Heterogeneous Agent Models with the Master Equation
Bilal, Adrien - National Bureau of Economic Research - 2023
This paper proposes an analytic representation of perturbations in heterogeneous agent economies with aggregate shocks. Treating the underlying distribution as an explicit state variable, a single value function defined on an infinite-dimensional state space provides a fully recursive...
Persistent link: https://www.econbiz.de/10014250121
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Policies, Projections, and the Social Cost of Carbon : Results from the DICE-2023 Model
Barrage, Lint; Nordhaus, William D. - National Bureau of Economic Research - 2023
The present study examines the assumptions, modeling structure, and preliminary results of DICE-2023, the revised Dynamic Integrated Model of Climate and the Economy (DICE), updated to 2023. The revision contains major changes in the carbon and climate modules, the treatment of non-industrial...
Persistent link: https://www.econbiz.de/10014250130
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The Beta-Delta-DELTA Sweet Spot
Laibson, David I.; Maxted, Peter - National Bureau of Economic Research - 2023
When solving discrete-time consumption models with present-biased time preferences, backwards induction generates equilibria that are non-robust in the sense that policy functions are often sensitive to parameter choices, including the modeler's choice of the time-step. The current paper...
Persistent link: https://www.econbiz.de/10013537716
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Anticipating Climate Change Across the United States
Bilal, Adrien; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2023
We evaluate how anticipation and adaptation shape the aggregate and local costs of climate change. We develop a dynamic spatial model of the U.S. economy and its 3,143 counties that features costly forward-looking migration and capital investment decisions. Recent methodological advances that...
Persistent link: https://www.econbiz.de/10014322711
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Asset Pricing in a Low Rate Environment
Azinović, Marlon; Cole, Harold L.; Kubler, Felix - National Bureau of Economic Research - 2023
We examine asset prices in environments where the risk-free rate lies considerably below the growth rate. To do so, we introduce a tractable model of a production economy featuring heterogeneous trading technologies, as well as idiosyncratic and aggregate risk. We show that allowing for the...
Persistent link: https://www.econbiz.de/10014436963