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The Insurance Value of State Tax-and-Transfer Programs

Hoynes, Hilary W. - 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/10012462377

Optimal Taxation and Social Insurance with Endogenous Private Insurance

Chetty, Raj - 2008

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/10012464244

Redistribution and Tax Expenditures : The Earned Income Tax Credit

Eissa, Nada - 2008

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/10012464342

International Portfolios with Supply, Demand and Redistributive Shocks

Coeurdacier, Nicolas - 2007

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/10012465225

Inflation as a Redistribution Shock : Effects on Aggregates and Welfare

Doepke, Matthias - 2006

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/10012466346

Public Finance and Individual Preferences over Globalization Strategies

Hanson, Gordon H. - 2005

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/10012467659

Education, Redistribution, and the Threat of Brain Drain

Haupt, Alexander - 2004

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/10012468073

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/10012460859

Inefficient Automation

Beraja, Martin; Zorzi, Nathan - National Bureau of Economic Research - 2022

it has no preference for redistribution. Using a quantitative version of our model, we find that the optimal speed of …

Persistent link: https://www.econbiz.de/10013334373

Fiscal Federalism and the Role of the Income Tax

Gordon, Roger H. - National Bureau of Economic Research - 2023

This paper rethinks the design of the income tax by assuming that the objective of the tax is not to redistribute from rich to poor but instead to provide some insurance to individuals against the uncertainties they face in their future earnings, a motivation for the tax proposed in Buchanan...

Persistent link: https://www.econbiz.de/10014421180

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