Showing 1 - 10 of 2,304
American politics have been characterized by a high degree of partisan conflict in recent years. Combined with a divided government, this has led not only to significant Congressional gridlock, but also to spells of high fiscal policy uncertainty. The unusually slow recovery from the Great...
Persistent link: https://www.econbiz.de/10013021015
We examine evidence on omitted-ability bias in estimates of the economic return to schooling, using proxies for unobserved ability. We consider measurement error in these ability proxies and the potential endogeneity of both experience and schooling, and examine wages at labor market entry and...
Persistent link: https://www.econbiz.de/10013246252
We study empirically the macroeconomic effects of an explicit de jure quantitative goal for monetary policy. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation of both having a quantitative target, and of hitting a...
Persistent link: https://www.econbiz.de/10013246397
estimation risk. At the individual fund level, our method pools information from the entire alpha distribution to make density …
Persistent link: https://www.econbiz.de/10012995517
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail to be realized when democracy is captured by the...
Persistent link: https://www.econbiz.de/10013071520
This paper provides preliminary evidence on behavioral responses to taxation around the 2013 tax increase that raised top marginal tax rates on capital income by about 9.5 points and on labor income by about 6.5 points. Using published tabulated tax statistics from the Statistics of Income...
Persistent link: https://www.econbiz.de/10012979776
Hurricane Katrina destroyed more than 200,000 homes and led to massive economic and physical dislocation. Using a panel of tax return data, we provide one of the first comprehensive analyses of the hurricane's long-term economic impact on its victims. Katrina had large and persistent impacts on...
Persistent link: https://www.econbiz.de/10013043277
nonparametric estimation technique to account for labor supply responses. We decompose the tax returns to study how the separate …
Persistent link: https://www.econbiz.de/10013222905
We examine the long-term impact of expansions to Medicaid and the State Children's Health Insurance Program that occurred in the 1980's and 1990's. With administrative data from the IRS, we calculate longitudinal health insurance eligibility from birth to age 18 for children in cohorts affected...
Persistent link: https://www.econbiz.de/10013030617
We use a data set of federal corruption convictions in the U.S. to investigate the causes and consequences of … corruption. More educated states, and to a less degree richer states, have less corruption. This relationship holds even when we … today. The level of corruption is weakly correlated with the level of income inequality and racial fractionalization, and …
Persistent link: https://www.econbiz.de/10013218129