Showing 1 - 10 of 47
This study combines the 2013 Federal Reserve Survey of Consumer Finances data and the Fiscal Analyzer, a highly detailed life-cycle consumption-smoothing program, to a) measure ultimate economic inequality - inequality in lifetime spending power - within cohorts, b) assess fiscal progressivity...
Persistent link: https://www.econbiz.de/10012456642
Economic policy uncertainty affects decisions of households, businesses, policy makers and Financial intermediaries. We first examine the impact of economic policy uncertainty on aggregate bank credit growth. Then we analyze commercial bank entity level data to gauge the effects of policy...
Persistent link: https://www.econbiz.de/10012456652
's treatment of children vis-a-vis adults, particularly the current elderly. The paper begins by showing that poverty rates of … children have, over the past two decades, risen dramatically while those of the elderly have fallen. Next, it shows that, over …, including children. The paper then turns to the role of government policy in influencing these trends. It documents the high …
Persistent link: https://www.econbiz.de/10012474655
This paper uses matched data on the elderly and their children to study the provision of time by children to the …, and the children's age, health, and sex. Older parents, less healthy parents, and non-institutionalized parents receive … more time from their children, while younger children, healthier children, and female children provide more time. In …
Persistent link: https://www.econbiz.de/10012475670
This paper examines the bequest\gift behavior of altruistic parents who do not know their children's abilities and … cannot observe their children's work effort. Parents are likely to respond to this information problem by making larger … bequests to higher earning children and by using their transfers implicitly either to tax at the margin low earning children or …
Persistent link: https://www.econbiz.de/10012476325
, however, considered the incomes and preferences of the children of the elderly. This paper presents a model of the joint … living arrangement choice of parents and children. It then uses a new set of data to consider how the preferences and income … positions of the elderly and their children influence the living arrangements of elderly parents. The findings suggest that the …
Persistent link: https://www.econbiz.de/10012476326
Recent changes in patterns of international trade and growth have rekindled interest in the relationships among trade, growth, and the international distribution of income. Three alternative models can serve as a theoretical foundation for an empirical analysis of these relationships. The first...
Persistent link: https://www.econbiz.de/10012477675
The effect of social security and other forms of government debt on national savings is one of the most widely debated policy questions in economics today. Some estimates suggest that social security has reduced U.S. savings by almost forty percent. This paper examines recent cross-section and...
Persistent link: https://www.econbiz.de/10012478385
As specified in Congressional bill H.R. 25/S. 25, the FairTax is a proposal to replace the federal personal income tax, corporate income tax, payroll (FICA) tax, capital gains, alternative minimum, self-employment, and estate and gifts taxes with a single-rate federal retail sales tax. The...
Persistent link: https://www.econbiz.de/10012465928
Recent cross-country investigations of the role of institutional fundamentals such as the protection of property rights in promoting financial development have extended a literature that has for decades maintained that financial factors can affect real outcomes. In this paper we pursue this new...
Persistent link: https://www.econbiz.de/10012466634