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The redistributive effects of public transfers have usually been measured by comparing incomes before and after transfer benefits are counted, but ignoring labor supply reductions induced by such benefits. This study uses a simulation approach to estimate for nonaged families the decline in work...
Persistent link: https://www.econbiz.de/10010687316
Why do we distribute income to the poor through government programs? Spokespersons for the median voter/interdependent preferences and interest group approaches to public policy determination present simple competing models. Their listener observes that the two models, based on quite different...
Persistent link: https://www.econbiz.de/10010687394