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Redistribution and Tax Expenditures : The Earned Income Tax Credit
Eissa, Nada - 2010
This paper examines the distributional and behavioral effects of the Earned Income Tax Credit (EITC). We chart the growth of the program over time, and argue several expansions show that real responses to taxes are important. We use tax data to show the distribution of benefits by income and...
Persistent link: https://www.econbiz.de/10012758425
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International Portfolios with Supply, Demand and Redistributive Shocks
Coeurdacier, Nicolas - 2010
This paper explains three key stylized facts observed in industrialized countries: 1) portfolio holdings are biased towards local equity; 2) international portfolios are long in foreign currency assets and short in domestic currency; 3) the depreciation of a country's exchange rate is associated...
Persistent link: https://www.econbiz.de/10012759809
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Inflation as a Redistribution Shock : Effects on Aggregates and Welfare
Doepke, Matthias - 2010
to borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We …-generations model of the U.S. economy. While the redistribution shock is zero sum, households react asymmetrically, mostly because … increase in savings. Even though inflation-induced redistribution has a persistent negative effect on output, it improves the …
Persistent link: https://www.econbiz.de/10012761282
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Understanding the Democratic Transition in South Africa
Inman, Robert P. - 2012
South Africa's transition from apartheid to democracy stands as one of the past century's most important political events. The transition has been successful to this point because the new constitution adopted a form of federal governance that has been able to provide protection for the economic...
Persistent link: https://www.econbiz.de/10013111221
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The Insurance Value of State Tax-and-Transfer Programs
Hoynes, Hilary Williamson - 2010
This paper estimates the total value that individuals derive from their state's tax-and-transfer program, and shows how this value varies by income. The paper decomposes this total value into two components: redistributive value, which is due to predictable changes in income (and family...
Persistent link: https://www.econbiz.de/10013139136
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Education, Redistribution, and the Threat of Brain Drain
Haupt, Alexander; Janeba, Eckhard - 2021
This paper analyzes the relationship between brain drain, human capital accumulation and individual net incomes in the presence of a redistributional tax policy, credit market constraints, administrative costs of tax collection, and lack of government commitment. We characterize how decreasing...
Persistent link: https://www.econbiz.de/10013232920
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Public Finance and Individual Preferences Over Globalization Strategies
Hanson, Gordon H.; Scheve, Kenneth; Slaughter, Matthew J. - 2021
In the absence of distortionary tax and spending policies, freer immigration and trade for a country would often be supported by similar groups thanks to similar impacts on labor income. But government policies that redistribute income may alter the distributional politics. In particular,...
Persistent link: https://www.econbiz.de/10013246531
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Optimal Taxation and Social Insurance with Endogenous Private Insurance
Chetty, Raj - 2013
This paper characterizes the welfare gains from redistributive taxation and social insurance in an environment where the private sector provides partial insurance. We analyze stylized models in which adverse selection, pre-existing information, or imperfect optimization in private insurance...
Persistent link: https://www.econbiz.de/10012753423
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Preferences for Redistribution
Alesina, Alberto F. - 2010
This paper discusses what determines the preferences of individuals for redistribution. We review the theoretical …
Persistent link: https://www.econbiz.de/10012757663
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Optimal Minimum Wage Policy in Competitive Labor Markets
Lee, David - 2010
redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first. This …
Persistent link: https://www.econbiz.de/10012758403