Showing 1 - 10 of 11
explained by the positive association between height and both income and education, both of which are positively linked to …
Persistent link: https://www.econbiz.de/10013134585
their relationships with national income, age, and life-expectancy. Average happiness is strongly related to per capita … national income; each doubling of income is associated with a near one point increase in life satisfaction on a scale from 0 to … slightly stronger among rich countries. Conditional on national income, recent economic growth makes people unhappier …
Persistent link: https://www.econbiz.de/10012759901
This paper questions the widely accepted view that deficits have real effects in the life cycle model. Standard analyses of deficits within life cycle models treat the government as a dictatorial entity that can effect any intergenerational redistribution it desires. In contrast, this paper...
Persistent link: https://www.econbiz.de/10012760317
income per capita and mortality rates, a correlation that also exists within countries, where richer, better-educated people … technical progress (some of which is induced by income and facilitated by education) as the ultimate determinant of health. Such … downplay direct causal mechanisms running from income to health …
Persistent link: https://www.econbiz.de/10012761777
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 …
Persistent link: https://www.econbiz.de/10013217207
interestrate.The second part of the paper is concerned with the time-series representation of disposable income and with it … simplications for the behavior of consumption under the assumptions of the life-cycle model. If real disposable income is truly a … than innovations in income, a prediction that is manifestly false. Various possible resolutions of this problem are …
Persistent link: https://www.econbiz.de/10013238718
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 …
Persistent link: https://www.econbiz.de/10013140993
income tax produces rapid and dramatic increases in the model's level of U.S. investment, output, and real wages, making the …
Persistent link: https://www.econbiz.de/10013071508
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 …
Persistent link: https://www.econbiz.de/10012760229
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 …
Persistent link: https://www.econbiz.de/10012762732