This paper discusses specific proposals for reducing the United States' deficit that draw on the lessons from past fiscal consolidations.

This paper proposes a measure of the distributional burden of servicing debt Using alternative assumptions about financing, we assess the distributional burden of the current level of government debt and the burden of future debt projected to accumulate under current law, current policy, and the...

This paper examines policies to index Social Security taxes or benefits to changes in the ratio of workers to beneficiaries, allowing for auto-correction for changing demographic factors.

This study analyzes public sector salaries and benefits in Wisconsin, with a particular focus on disentangling the risk-adjusted value of pension benefits offered in the public sector from accounting conventions that can understate the cost and value of defined benefit pension plans.

Reducing federal employee compensation to market levels could save taxpayers roughly $77 billion per year.

This paper ranks all 50 states according to how costly their public-employee compensation packages are relative to private-sector standards.

Despite the frequency of tax changes and their potential importance to investors, there has been relatively little modeling of anticipated tax changes.

The Jobs and Growth Tax Relief Act of 2003contained a number of significant tax provisions, but the most noteworthy may have been the reduction in dividend tax rates.

We construct a computational dynamic stochastic and explore the impact of policy stickiness on optimal long-run fiscal policy.