Recent research has documented that income inequality in the United States has increased dramatically over the prior … three decades. There has been less of a consensus, however, on whether the increase in income inequality was matched by an … Study of Income Dynamics to explore the dynamics of alternative measures of consumption inequality. All of our different …

In this paper we propose a method to characterize the time series properties of individual consumption, income and … consumption and the studies that relate innovations to income to innovations to consumption, such as those that have found the so …

decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each … intergenerational structure of the Panel Study of Income Dynamics. We find that over 60% of shocks to household income are potentially …

We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and … transfers are only weakly related to income differences. Richer siblings give more to parents and receive less. Among parents … in the cross section or in the analysis using siblings that parental income or wealth raises time transfers from children …

The economics workings of the corporate income tax remain controversial. Harberger's seminal 1962 article viewed the … triggers the firm's classification as a corporation subject to income taxation. But going public has an upside. It permits …

income tax produces rapid and dramatic increases in the model's level of U.S. investment, output, and real wages, making the …

This year marks the twenty-fifth anniversary of Arnold Harberger's celebrated model of the corporation income tax … understanding the incidence and excess burden of the corporate income tax remains in question. One difficulty confronting all …

The 1986 Tax Reform Act, while having little effect on the overall effective tax rate on U.S. capital income, did … redistribution of income associated with the Tax Reform. We find that the 1986 Tax Reform law reduces excess burden by .85 percent of …

An important deficiency in Harberger's (1962) model of corporate income taxation is its inability to consider both … corporation income tax. The model has two key characteristics. First, corporate and noncorporate firms produce (with identical … much larger excess burden from corporate income taxation. The incidence of the corporate tax can also differ dramatically …