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We review research on the dynamics and distribution of individual earnings and family income. We start with univariate … earnings models, which dominate the literature and are often used as the exogenous component of family income in structural … family income that integrate individual earnings, marriage (accounting for marital sorting), and earnings of a spouse (if …
Persistent link: https://www.econbiz.de/10013210123
focuses on the labor supply responses of parents and the role of income, parenting skills, and early education as family … middle-income nations use direct cash aid--conditional or unconditional--as a central policy strategy, with demonstrated …
Persistent link: https://www.econbiz.de/10014226162
We develop and estimate a life-cycle consumption savings model in which observed genetic variation is allowed to affect wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment, aggregated into a predictive index called a polygenic...
Persistent link: https://www.econbiz.de/10013362004
life. For the average low-income single-child family in our sample this difference amounts to roughly $1,300, or 10 percent … of income. Using the universe of administrative federal tax data in selected years, we show that this transfer in infancy … first child leads to persistent increases in family income that likely contribute to the downstream effects on children …
Persistent link: https://www.econbiz.de/10013362027
' labor supply and saving assuming standard preferences. The system incorporates kinks from federal personal income tax … brackets, Social Security's FICA tax, and a notch from the provision of basic income below a threshold. The GLO reproduces …
Persistent link: https://www.econbiz.de/10014528375
For many of those who worked to include an expanded Child Tax Credit in the 2021 American Rescue Plan, an important motivation was to test the feasibility and effectiveness of a permanent U.S. child allowance similar to those provided in other rich countries. Because this expansion was...
Persistent link: https://www.econbiz.de/10015056197
This paper examines the multigenerational impact of children and whether the public provision of formal childcare lessens the earnings and employment impacts of children. We find that the arrival of a firstborn reduces employment and earnings of mothers and employment of grandmothers. Studying a...
Persistent link: https://www.econbiz.de/10014512058
Employment and participation rates for US prime age women rose steadily during the second half of the 20th century. In the last 30 years, however, those rates stagnated, even as employment and participation rates for women in other industrialized countries continued to rise. I discuss the role...
Persistent link: https://www.econbiz.de/10014437047
In this paper we develop a novel approach to measuring individual welfare within households, recognizing that individuals may have both different preferences (particularly regarding public consumption) and differential access to resources. We construct a money metric measure of welfare that...
Persistent link: https://www.econbiz.de/10014635608
This paper examines the intergenerational effects of the Earned Income Tax Credit (EITC) on poverty and public …
Persistent link: https://www.econbiz.de/10014322816