Hoynes, Hilary W.; Luttmer, Erzo F.P. - In: Journal of Public Economics 95 (2011) 11, pp. 1466-1484
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...
