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The Middle Class Parent Penalty : Child Benefits in the U.S. Tax Code

Ellwood, David T.; Liebman, Jeffrey B. - 2021

Low-income families with children receive large tax benefits from the Earned Income Tax Credit, while high income taxpayers receive large tax benefits from dependent exemptions (whose value is greater to those in higher tax brackets). In contrast, middle-income parents receive substantially...

Persistent link: https://www.econbiz.de/10013223868

Hope for Whom? Financial Aid for the Middle Class and its Impact on College Attendance

Dynarski, Susan M. - 2021

The federal government and the states have recently enacted a slew of aid policies aimed at college students from middle- and high-income families. I estimate the impact of aid on the college attendance of middle- and upper-income youth by evaluating Georgia's HOPE Scholarship, the inspiration...

Persistent link: https://www.econbiz.de/10013240619

Social Structure and Development : A Legacy of the Holocaust in Russia

Acemoglu, Daron; Hassan, Tarek A.; Robinson, James Alan - 2010

) by the Nazis during World War II and long-run economic and political outcomes within Russia. Cities that experienced the …. Before World War II, Russian Jews were predominantly in white collar (middle class) occupations and the Holocaust appears to …

Persistent link: https://www.econbiz.de/10013142282

A "Second Opinion" on the Economic Health of the American Middle Class

Burkhauser, Richard V. - 2011

Researchers considering levels and trends in the resources available to the middle class traditionally measure the pre-tax cash income of either tax units or households. In this paper, we demonstrate that this choice carries significant implications for assessing income trends. Focusing on tax...

Persistent link: https://www.econbiz.de/10013123312

The Asset Price Meltdown and the Wealth of the Middle Class

Wolff, Edward N. - 2014

I find that median wealth plummeted over the years 2007 to 2010, and by 2010 was at its lowest level since 1969. The inequality of net worth, after almost two decades of little movement, was up sharply from 2007 to 2010. Relative indebtedness continued to expand from 2007 to 2010, particularly...

Persistent link: https://www.econbiz.de/10013065019

Loan Originations and Defaults in the Mortgage Crisis : The Role of the Middle Class

Adelino, Manuel - 2015

We provide new facts on the debt dynamics leading up to the financial crisis of 2007. Earlier research suggests that distortions in the supply of mortgage credit, evidenced by a decoupling of credit flow from income growth, may have caused the rise in house prices and the subsequent housing...

Persistent link: https://www.econbiz.de/10013030138

How Does Declining Unionism Affect the American Middle Class and Intergenerational Mobility?

Freeman, Richard B. - 2015

This paper examines unionism's relationship to the size of the middle class and its relationship to intergenerational mobility. We use the PSID 1985 and 2011 files to examine the change in the share of workers in a middle-income group (defined by persons having incomes within 50% of the median)...

Persistent link: https://www.econbiz.de/10013013519

Household Wealth Trends in the United States, 1962 to 2016 : Has Middle Class Wealth Recovered?

Wolff, Edward N. - 2017

Asset prices plunged between 2007 and 2010 but then rebounded from 2010 to 2016. The most telling finding is that median wealth plummeted by 44 percent over years 2007 to 2010. The inequality of net worth, after almost two decades of little movement, went up sharply from 2007 to 2010, and...

Persistent link: https://www.econbiz.de/10012941966

The Heckscher-Ohlin Model between 1400 and 2000 : When it Explained Factor Price Convergence, When it Did Not, and Why

O'Rourke, Kevin Hjortshøj; Williamson, Jeffrey G. - 2001

There are two contrasting views of pre-19th century trade and globalization. First, there are the world history … were the two most important events in recorded history. Second, there is the view that the world economy was fragmented and … global economy that world historians assign to them, while there is plenty of evidence of a very big bang in the 19th century …

Persistent link: https://www.econbiz.de/10014175442

Measuring Ancient Inequality

Milanović, Branko; Lindert, Peter H.; Williamson, … - 2022

Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have not yet been answered. This paper infers inequality for 14 ancient, pre-industrial societies using...

Persistent link: https://www.econbiz.de/10014223115