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The Effect of Inequality on Redistribution : An Econometric Analysis
Boskin, Michael J.; Elnahal, Kareem; Zhang, Adam - National Bureau of Economic Research - 2024
redistribution and a modest effect of two year led inequality …
Persistent link: https://www.econbiz.de/10014544770
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Bargaining over Taxes and Entitlements in the Era of Unequal Growth
Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022
Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
Persistent link: https://www.econbiz.de/10013210072
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Real-Time Inequality
Blanchet, Thomas; Saez, Emmanuel; Zucman, Gabriel - National Bureau of Economic Research - 2022
This paper constructs high-frequency and timely income distributions for the United States. We develop a methodology to combine the information contained in high-frequency public data sources--including monthly household and employment surveys, quarterly censuses of employment and wages, and...
Persistent link: https://www.econbiz.de/10013334446
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How Much Lifetime Social Security Benefits Are Americans Leaving On the Table?
Altig, David; Kotlikoff, Laurence J.; Ye, Victor Yifan - National Bureau of Economic Research - 2022
Americans are notoriously bad savers. Large numbers are reaching old age too poor to finance retirements that could last longer than they worked. This study uses the 2018 American Community Survey to impute retirement ages for 2019 Survey of Consumer Finance (SCF) respondents. Next, we run the...
Persistent link: https://www.econbiz.de/10013462723
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Fiscal Influences on Inflation in OECD Countries, 2020-2022
Barro, Robert J.; Bianchi, Francesco - National Bureau of Economic Research - 2023
The fiscal theory of the price level (FTPL) has been active for 30 years, and the interest in this theory grew with the recent global surges in inflation and government spending. This study applies the FTPL to 37 OECD countries for 2020-2022. The theory's centerpiece is the government's...
Persistent link: https://www.econbiz.de/10014436969
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Optimal Financing of Government Purchases
Abel, Andrew B.; Panageas, Stauros - National Bureau of Economic Research - 2024
We characterize a planner's optimal allocation of consumption and capital in an overlapping generations model with exogenous government purchases, privately-observed idiosyncratic shocks to the depreciation rate of capital, and a proportional cost of reversing investment to transform used...
Persistent link: https://www.econbiz.de/10015072902
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Implementing a Ramsey Plan
Jiang, Wei; Sargent, Thomas J.; Wang, Neng - National Bureau of Economic Research - 2024
Lucas and Stokey (1983) motivated future governments to confirm an optimal tax plan by rescheduling government debt appropriately. Debortoli et al. (2021) showed that sometimes that does not work. We show how a Ramsey plan can always be implemented by adding instantaneous debt to Lucas and...
Persistent link: https://www.econbiz.de/10014635621
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Reference Points and Redistributive Preferences : Experimental Evidence
Charité, Jimmy - 2015
If individuals evaluate outcomes relative to the status quo, then a social planner may limit redistribution from rich … know (when we observe near-complete redistribution). Subjects who are themselves risk-seeking over losses drive the effect … suggest that respect for reference points of the wealthy may help explain why voters demand less redistribution than standard …
Persistent link: https://www.econbiz.de/10012457659
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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
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Populism, Protectionism, and Political Instability
Daun, Tyler; Galiani, Sebastián; Torrens, Gustavo - National Bureau of Economic Research - 2021
efficient than other redistribution schemes such as transfers financed with an income tax. Often, this outcome is attributed to … does not change the equilibrium. Only a long run commitment to a minimum level of redistribution restores efficiency …
Persistent link: https://www.econbiz.de/10012482577