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Effects of the Earned Income Tax Credit for Childless Adults : A Regression Discontinuity Approach

Meer, Jonathan; Witter, Joshua - National Bureau of Economic Research - 2022

Most antipoverty policy in the United States focuses on families with children, but efforts to assist childless adults have gained traction in recent years. We examine the impact of the Earned Income Tax Credit on the labor force outcomes of childless adults using the age-25 eligibility...

Persistent link: https://www.econbiz.de/10013462681

Comparing Past and Present Inflation

Bolhuis, Marijn A.; Cramer, Judd N. L.; Summers, … - National Bureau of Economic Research - 2022

There have been important methodological changes in the Consumer Price Index (CPI) over time. These distort comparisons of inflation from different periods, which have become more prevalent as inflation has risen to 40-year highs. To better contextualize the current run-up in inflation, this...

Persistent link: https://www.econbiz.de/10013334335

State-Dependent or Time-Dependent Pricing : Does it Matter for Recent U.S. Inflation?

Klenow, Peter J. - 2005

Inflation equals the product of two terms: an extensive margin (the fraction of items with price changes) and an intensive margin (the average size of those price changes). The variance of inflation over time can be decomposed into contributions from each margin. The extensive margin figures...

Persistent link: https://www.econbiz.de/10012467644

Inflation Past, Present and Future : Fiscal Shocks, Fed Response, and Fiscal Limits

Cochrane, John H. - National Bureau of Economic Research - 2022

Our current inflation stemmed from a fiscal shock. The Fed is slow to react. Why? Will the Fed's slow reaction spur more inflation? I write a simple model that encompasses the Fed's mild projections and its slow reaction, and traditional views that inflation will surge without swift rate rises....

Persistent link: https://www.econbiz.de/10013210124

Short-Term Tax Cuts, Long-Term Stimulus

Cloyne, James; Martinez, Joseba; Mumtaz, Haroon; … - National Bureau of Economic Research - 2022

We study the persistent effects of temporary changes in U.S. federal corporate and personal income tax rates using a narrative identification approach. A corporate income tax cut leads to a sustained increase in GDP and productivity, with peak effects between five and eight years. R&D spending...

Persistent link: https://www.econbiz.de/10013334463

Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local Governments

Clemens, Jeffrey; Hoxie, Philip G.; Veuger, Stan - National Bureau of Economic Research - 2022

We use an instrumental-variables estimator reliant on variation in congressional representation to analyze the effects of federal aid to state and local governments across all four major pieces of COVID-19 response legislation. Through September 2021, we estimate that the federal government...

Persistent link: https://www.econbiz.de/10013334387

Estimating Racial Disparities When Race is Not Observed

McCartan, Cory; Fisher, Robin; Goldin, Jacob; Ho, Daniel E. - National Bureau of Economic Research - 2024

The estimation of racial disparities in various fields is often hampered by the lack of individual-level racial … Instrumental Regression for Disparity Estimation (BIRDiE), that take BISG probabilities as inputs and produce racial disparity … estimates by using surnames as an instrumental variable for race. Our estimation method is scalable, making it possible to …

Persistent link: https://www.econbiz.de/10014528412

The Incidence of a U.S. Carbon Tax : A Lifetime and Regional Analysis

Hassett, Kevin A. - 2007

Further, the direct component of the tax, in any given year, is significantly more regressive than the indirect component. In fact, for 1987, the indirect component of the tax is mildly progressive. We observe a modest shift over time with the direct component of carbon taxes becoming less...

Persistent link: https://www.econbiz.de/10012465092

The Incidence of Carbon Taxes in U.S. Manufacturing : Lessons from Energy Cost Pass-Through

Ganapati, Sharat - 2016

This paper studies how changes in energy input costs for U.S. manufacturers affect the relative welfare of manufacturing producers and consumers (i.e. incidence). In doing so, we develop a partial equilibrium methodology to estimate the incidence of input taxes that can simultaneously account...

Persistent link: https://www.econbiz.de/10012456394

The Distributional Effects of U.S. Clean Energy Tax Credits

Borenstein, Severin - 2015

Since 2006, U.S. households have received more than $18 billion in federal income tax credits for weatherizing their homes, installing solar panels, buying hybrid and electric vehicles, and other "clean energy" investments. We use tax return data to examine the socioeconomic characteristics of...

Persistent link: https://www.econbiz.de/10012457231

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