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Economic Exchange and Support within U.S. Families

Kotlikoff, Laurence J. - 2021

This paper examines U.S. family exchange and support, its levels and trends. The paper points out the importance of … demographics and geographic mobility in affecting the amount and form of family exchange. It then considers family economic … family altruism and risk sharing. The paper paints a very pessimistic picture. Demographic, geographic, and economic …

Persistent link: https://www.econbiz.de/10013245522

Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data

Altonji, Joseph G. - 2007

Persistent link: https://www.econbiz.de/10012777157

The Effects of Income and Wealth on Time and Money Transfers between Parents and Children

Altonji, Joseph G.; Hayashi, Fumio; Kotlikoff, Laurence J. - 2021

We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and their parents as well as the effects of incomes of other relatives on these flows. We relate the relative incomes of parents and parents in-law to transfer amounts given and...

Persistent link: https://www.econbiz.de/10013217207

The Family as an Incomplete Annuities Market

Kotlikoff, Laurence J.; Spivak, Avia - 2021

may not otherwise be available. Within the family there is a degree of trust and a level of information which alleviates … families can provide insurance against uncertain dates of death. Death risk sharing family arrangements effectively constitute … in annuities, these risk sharing arrangements provide powerful economic incentives for marriage and family formation. The …

Persistent link: https://www.econbiz.de/10013221542

What Does the Corporate Income Tax Tax? A Simple Model Without Capital

Kotlikoff, Laurence J. - 2010

The economics workings of the corporate income tax remain controversial. Harberger's seminal 1962 article viewed the tax as raising the cost of capital used to produce corporate goods. But corporate goods can be and generally are made by non-corporate firms, suggesting that the corporate tax...

Persistent link: https://www.econbiz.de/10013140993

Tax Aspects of Policy Towards Aging Populations : Canada and the United States

Auerbach, Alan J. - 2011

This paper uses the Auerbach-Kotlikoff Dynamic Simulation Model to compare the projected demographic transitions in Canada and the United States. The simulation model determines the perfect foresight transition path of an economy in which individuals live to age 75. The model's preferences are...

Persistent link: https://www.econbiz.de/10013126200

Simulating the Elimination of the U.S. Corporate Income Tax

Fehr, Hans - 2013

We simulate corporate tax reform in a single good, five-region (U.S., Europe, Japan, China, India) model, featuring skilled and unskilled labor, detailed region-specific demographics and fiscal policies. Eliminating the model's U.S. corporate income tax produces rapid and dramatic increases in...

Persistent link: https://www.econbiz.de/10013071508

Changes in the Age Distribution of Income in the United States, 1968-1984

Myers, Stewart C. - 2007

Among the interesting changes in the U.S. economy in recent years have been the substantial changes in the age distribution of income and its components. These changes are interesting in and of themselves, but also are an important background against which to interpret aggregate economic...

Persistent link: https://www.econbiz.de/10012778840

The History of Annuities in the United States

Poterba, James M. - 2002

This paper summarizes the development of private annuity markets in the United States. Annuities constituted a small share of the U.S. insurance market until the 1930s, when two developments contributed to their growth. First, concerns about the stability of the financial system drove investors...

Persistent link: https://www.econbiz.de/10012787497

Demographics, Fiscal Policy, and U.S. Saving in the 1980s and Beyond

Auerbach, Alan J. - 2010

This paper focuses on U.S. saving, demographics, and fiscal policy. We use data from the Consumer Expenditure Surveys of the 1980s to consider the effect of demographic change on past and future U.S. saving rates. Our findings indicate that demographic change may significantly alter the U.S....

Persistent link: https://www.econbiz.de/10012760152