Jeske, Karsten; Kitao, Sagiri - Federal Reserve Bank of Atlanta - 2007
regressiveness of the current policy, a complete removal of the subsidy would result in a partial collapse of the group insurance … progressive income tax system, giving high-income earners a larger subsidy. To understand the effects of the policy, we construct … their employers, who tend to have a relatively high income. Moreover, the subsidy takes the form of deductions from the …