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The Corporate Profit Base, Tax Sheltering Activity, and the Changing Nature of Employee Compensation

Desai, Mihir A. - National Bureau of Economic Research (NBER) - 2002

This paper examines the evolution of the corporate profit base and the relationship between book income and tax income for U.S. corporations over last two decades. The paper demonstrates that this relationship has broken down over the 1990s and has broken down in a manner that is consistent with...

Persistent link: https://www.econbiz.de/10005828837

Income Inequality and Social Preferences for Redistribution and Compensation Differentials

Kerr, William R. - National Bureau of Economic Research (NBER) - 2011

In cross-sectional studies, countries with greater income inequality typically exhibit less support for government-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve along this pattern, a vicious cycle could form...

Persistent link: https://www.econbiz.de/10009395461

Uncertainty, Redistribution, and the Labor Market

Mulligan, Casey - National Bureau of Economic Research (NBER) - 2013

Uncertainty and its composition can affect the demand for social insurance, and thereby the labor market. This paper shows that small to medium-sized increases in uncertainty or risk aversion are enough to recommend an expansion of the safety net that would be broadly similar to the actual...

Persistent link: https://www.econbiz.de/10010700274

Immigration and the Distribution of Incomes

Blau, Francine; Kahn, Lawrence - National Bureau of Economic Research (NBER) - 2012

We review research on the impact of immigration on income distribution. We discuss routes through which immigration can … affect income distribution in the host and source countries, including compositional effects and effects on native incomes … recent increases in immigration to OECD countries and on the distribution of native and immigrant educational attainment. We …

Persistent link: https://www.econbiz.de/10010586207

Growth, Trade, and Inequality

Grossman, Gene; Helpman, Elhanan - National Bureau of Economic Research (NBER) - 2014

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research sector or a manufacturing sector that produces differentiated goods. Each research project generates a new variety of the differentiated...

Persistent link: https://www.econbiz.de/10010950772

Matching and Inequality in the World Economy

Costinot, Arnaud; Vogel, Jonathan - National Bureau of Economic Research (NBER) - 2009

This paper develops tools and techniques to study the impact of exogenous changes in factor supply and factor demand on factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper characterize sufficient conditions for robust monotone...

Persistent link: https://www.econbiz.de/10005004692

Policies to Foster Human Capital

Heckman, James J. - National Bureau of Economic Research (NBER) - 1999

This paper considers the sources of skill formation in a modern economy and emphasizes the importance of both cognitive and noncognitive skills in producing economic and social success and the importance of both formal academic institutions and families and firms as sources of learning. Skill...

Persistent link: https://www.econbiz.de/10005774537

Removing the Veil of Ignorance in Assessing the Distributional Impacts of Social Policies

Carneiro, Pedro; Hansen, Karsten T.; Heckman, James J. - National Bureau of Economic Research (NBER) - 2002

determine which persons are affected by a given policy, where they come from in the ex-ante outcome distribution and what their …

Persistent link: https://www.econbiz.de/10005777991

Life-cycle Investing and Leverage: Buying Stock on Margin Can Reduce Retirement Risk

Ayres, Ian; Nalebuff, Barry J. - National Bureau of Economic Research (NBER) - 2008

This paper is no longer available on-line from the NBER. A revised version of the paper has been published as "Diversification Across Time" in the Journal of Portfolio Management 39 (Winter 2013), pp.73-86.

Persistent link: https://www.econbiz.de/10005778220

Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations

Ludwig, Alexander; Krueger, Dirk; Boersch-Supan, Axel H. - National Bureau of Economic Research (NBER) - 2007

Demographic change has differential impacts on the welfare of current and future generations. In a simple closed economy, aging -- a relative scarcity of young workers -- increases wages, increasing the welfare of the young. At the same time, population aging will reduce rates of return to...

Persistent link: https://www.econbiz.de/10005778836