This report is an empirical inquiry into how poverty is changed by the macroeconomy. The analysis suggests low real wage rates and not the unemployment rate are the most important determinant of poverty in the long run. Changes in output and unemployment primarily affect cyclical or shortun...

This study examines the effects of the changing fiscal role of the federal government with respect to providing financial support for low-income households and the taxation of returns from capital. Specifically, the effects of reducing transfers to low income families by US$10 billion and...