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headline indicators for income inequality and risk of poverty using EUROMOD and discuss explanations for differences between … that should be borne in mind when using it and interpreting results. -- microsimulation ; redistribution ; tax …-benefit system ; poverty ; inequality …
Persistent link: https://www.econbiz.de/10009520175
-data and microsimulation models to illustrate the influence of market income patterns, household structures and social …
Persistent link: https://www.econbiz.de/10010267998
As part of an ongoing effort to analyze the distributional implications of potential policy reforms to the U.S. Social Security system, we consider the widely discussed reform of earnings sharing. Such an approach has been viewed as a way to “update” Social Security's family benefits based...
Persistent link: https://www.econbiz.de/10013139140
This paper studies how prefunding public pensions can improve policy outcomes when short-sighted governments cannot commit. We focus on sustainable plans, where optimal nonlinear pensions are not reneged on by sequential governments. Prefunding pensions is a commitment mechanism. It implies...
Persistent link: https://www.econbiz.de/10011405644
We provide new evidence that cash transfers following the birth of a first child can have large and long-lasting effects on that child's outcomes. We take advantage of the January 1 birthdate cutoff for U.S. child-related tax benefits, which results in families of otherwise similar children...
Persistent link: https://www.econbiz.de/10013362027
Eligibility and benefits for anti-poverty income transfers in the U.S. are based on both the means and the household … arrangement, and marital status. We find that the U.S. anti-poverty policy distorts the cohabitation/marriage decision of single … current design of anti-poverty income programs, and that the introduction of an EITC deduction on the earnings of secondary …
Persistent link: https://www.econbiz.de/10012264849
Official poverty methodologies differ from other poverty measurement methods in the sense that the official ones are … has the tradition and the practice to use relative poverty as "official" poverty estimates (Common Laeken indicators); the … USA use an objective method to estimate official poverty (Orshansky indicator). Although related, each approach portrays …
Persistent link: https://www.econbiz.de/10014220150
Proxy structural vector autoregressions (SVARs) identify structural shocks in vector autoregressions (VARs) with external proxy variables that are correlated with the structural shocks of interest but uncorrelated with other structural shocks. We provide asymptotic theory for proxy SVARs when...
Persistent link: https://www.econbiz.de/10012983055
Persistent link: https://www.econbiz.de/10013096814
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method allowing us to … inequality by increasing the income share of the top 20% in contrast to the middle class' share. The tax policy effect accounts … for up to 29% of the total change in inequality; its contribution increases up to 41% if we take into account behavioral …
Persistent link: https://www.econbiz.de/10010229895