Showing 1 - 10 of 457
This paper rethinks the design of the income tax by assuming that the objective of the tax is not to redistribute from rich to poor but instead to provide some insurance to individuals against the uncertainties they face in their future earnings, a motivation for the tax proposed in Buchanan...
Persistent link: https://www.econbiz.de/10014421180
We provide new evidence that cash transfers following the birth of a first child can have large and long-lasting effects on that child's outcomes. We take advantage of the January 1 birthdate cutoff for U.S. child-related tax benefits, which results in families of otherwise similar children...
Persistent link: https://www.econbiz.de/10013362027
investment mechanisms that reduce socioeconomic inequality in children's well-being. In contrast to the U.S., dozens of low- to …
Persistent link: https://www.econbiz.de/10014226162
Although improving psychological well-being was not the explicit focus of the 2021 expanded Child Tax Credit (CTC), psychological health outcomes may have been affected by the positive income shocks generated by the credit. In this chapter we ask: How did the 2021 expanded CTC affect parents'...
Persistent link: https://www.econbiz.de/10014635625
Evidence that high tax rates significantly depress capital gains realizations is inconsistent with the implications of neoclassical investment models in unchanging economic environments. Higher tax rates reduce after-tax investment returns, thereby encouraging investors to sell capital assets...
Persistent link: https://www.econbiz.de/10014247981
We study the persistent effects of temporary changes in U.S. federal corporate and personal income tax rates using a narrative identification approach. A corporate income tax cut leads to a sustained increase in GDP and productivity, with peak effects between five and eight years. R&D spending...
Persistent link: https://www.econbiz.de/10013334463
returns, both of which contribute to wealth inequality. Counterfactual policy exercises indicate that two ways to lower costs …
Persistent link: https://www.econbiz.de/10013362004
importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the …
Persistent link: https://www.econbiz.de/10013334417
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
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