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fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of …
Persistent link: https://www.econbiz.de/10010411559
In an overlapping generations maximization framework with consumers, whose information on uncertain future income realizations is front-loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form solution we assume that consumers solve their...
Persistent link: https://www.econbiz.de/10013317049
fractionalization and group antagonism reduce the support for redistribution. Whereas within group inequality increases support for … redistribution, inequality between groups have the opposite effect. All these results hold even if a poor group is in majority. Using … increases and between group inequality decreases redistribution. …
Persistent link: https://www.econbiz.de/10011508116
During the first two centuries of European colonization of what is now the United States, executions for a variety of offenses relatively frequently involved mass executions, that is, the execution for the same criminal incident of four or more persons. By the time of American independence, some...
Persistent link: https://www.econbiz.de/10010744575
This paper will examine the US government’s proposed changes to the H-1B visa, a dual-intent visa meant to bring highly-skilled individuals to the US labor market. It will first explain what the H-1B visa is and is not and what might happen to the H-1B visa in the future. The focus of the...
Persistent link: https://www.econbiz.de/10010687019
In this paper, we assess the empirical relationship between population growth, mobility, and state-level capital spending in the United States. To evaluate the magnitude of the coefficients, we introduce an explicit, quantitative political-economy model of government spending determination,...
Persistent link: https://www.econbiz.de/10014200025
counteract the crowding-out effect of the Medicaid expansion. The redistribution measures embedded in the ACA result in welfare …
Persistent link: https://www.econbiz.de/10014043986
counteract the crowding-out effect of the Medicaid expansion. The redistribution measures embedded in the ACA result in welfare …
Persistent link: https://www.econbiz.de/10013068994
The paper studies a fiscal policy instrument that can reduce fiscal distortions, without affecting revenues, in a politically viable way. The instrument is a private contract (tax buyout), offered by the government to each individual citizen, whereby the citizen can choose to pay a fixed price...
Persistent link: https://www.econbiz.de/10008657187
In this paper, we explore the proposition that the optimal capital income tax is zero using an overlapping generations model. We prove that for a large class of preferences, the optimal capital income tax along the transition path and in steady state is non-zero. For a version of the model...
Persistent link: https://www.econbiz.de/10011782623