Many studies find that households increase their consumption after the receipt of expected income payments, a result … inconsistent with the life-cycle/permanent income hypothesis. Consumption can increase adverse health events, such as traffic … accidents, heart attacks and strokes. In this paper, we examine the short-term mortality consequences of income receipt. We find …

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 …

There is widespread and longstanding agreement that life expectancy and income are positively correlated. However, it … has proven much more difficult to establish a causal relationship since income and health are jointly determined. We use a … major change in the Social Security law as exogenous variation in income to examine the impact of income on mortality in an …

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 …