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Putting US Fiscal Policy on a Sustainable Path

Dynan, Karen E.; Elmendorf, Douglas W. - National Bureau of Economic Research - 2025

Even allowing for substantial uncertainty regarding projections, current US fiscal policies are almost certainly unsustainable. Therefore, policymakers must decide when and in what ways to change policies. Changing policies sooner rather than later would put debt on a lower trajectory and...

Persistent link: https://www.econbiz.de/10015409782

Income Inequality and Social Preferences for Redistribution and Compensation Differentials

Kerr, William R. - 2011

-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not … result in weaker political preferences for redistribution …

Persistent link: https://www.econbiz.de/10012460956

The Effects of Changes in Women's Labor Market Attachment on Redistribution Under the Social Security Benefit Formula

Gustman, Alan L. - 2011

men. This increased the redistribution of Social Security benefits among households. Nevertheless, a considerable gap … less than their husbands. As a result, much of the redistribution at the individual level was effectively from high earning … high income households. Both factors mitigate redistribution at the household level …

Persistent link: https://www.econbiz.de/10012461219

The Insurance Value of State Tax-and-Transfer Programs

Hoynes, Hilary W. - 2010

This paper estimates the total value that individuals derive from their state's tax-and-transfer program, and shows how this value varies by income. The paper decomposes this total value into two components: redistributive value, which is due to predictable changes in income (and family...

Persistent link: https://www.econbiz.de/10012462377

Optimal Income Transfers

Kaplow, Louis - 2006

A substantial literature addresses the design of transfer programs and policies, including the negative income tax, other means-tested transfers, the earned income tax credit, categorical assistance, and work inducements. This work is largely independent of that on the optimal nonlinear income...

Persistent link: https://www.econbiz.de/10012466384

Redistribution Policy : A European Model

Casella, Alessandra - 2002

Following the rationale for regional redistribution programs described in the official documents of the European Union … redistribution policy results from countries' uncoordinated policies, obviating the need for a central agency. But if countries have …

Persistent link: https://www.econbiz.de/10012469451

Can Equity and Efficiency Complement Each Other?

Blank, Rebecca M. - 2002

Economists tend to assume that redistributive transfers increase equity but cause a loss in efficiency, the so-called 'leaky bucket' effect. This paper explores situations where efficiency losses are small or where equity and efficiency might even complement each other. A simple model identifies...

Persistent link: https://www.econbiz.de/10012469895

Redistribution through Education and Other Transfer Mechanisms

Hanushek, Eric - 2001

attendance, labor supply, wage determination, and aggregate production, which is used to compare alternative redistribution …

Persistent link: https://www.econbiz.de/10012470128

Optimal Income Transfer Programs : Intensive Versus Extensive Labor Supply Responses

Saez, Emmanuel - 2000

income distribution and the redistribution tastes of the government. When behavioral responses are concentrated along the …

Persistent link: https://www.econbiz.de/10012471053

The Redistributive Effects of Transfers

Bhattarai, Keshab - 1997

Existing literature assessing the impacts of transfers on low income households assumes that transfer program participants benefit by the full amount of cash transfers received. We argue that because tax-back arrangements accompany such transfer programmes, and endogenous participantion...

Persistent link: https://www.econbiz.de/10012472531