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Individuals, married couples respond differently to U.S. income tax changes
Changes in effective income taxes can impact labor supply with different outcomes for married couples and singles, and changes can have a particularly notable impact on married women.
Journal Article
A Taxing Question for the Fed
The Fed has long emphasized uncertainty in assessing the economic effects of tax cuts. Both history and theory might help explain why
Journal Article
Interview: Alan Auerbach
Alan Auerbach enrolled in college at Yale planning to focus on math and science. But in his second year, he figured he should sign up for a course in something else for the sake of the school's distribution requirements. So he tried introductory economics without having a clear idea of what economics was — and discovered he enjoyed it.
The Impact of Tax Differences on Intrafirm Patent Transactions
An analysis of global patent transfers found that international tax differences impact patent transactions between parent companies and foreign subsidiaries.
Journal Article
Recent and Near-Term Fiscal Policy: Headwind or Tailwind?
The federal government routinely uses government spending and taxes to help offset the highs and lows of the U.S. business cycle. While government spending typically increases during a recession, the magnitude of the fiscal expansion during the pandemic recession was outsized compared with the average historical pattern. This likely contributed to real economic growth and possibly inflation during the recovery. Over the next few years, U.S. fiscal policy is expected to be roughly neutral, providing neither a tailwind nor headwind to the overall economy.
Unpacking Discrepancies in American and Irish Royalty Reporting
Ireland’s elimination of a controversial tax avoidance strategy appears to be driving a recent increase in royalty payments from Ireland to the U.S.
Discussion Paper
Marketization of Home Production and Gender Gaps in Working Hours
Gender gaps in working hours vary widely across member countries of the Organisation for Economic Co-operation and Development. This article summarizes the key results from Duval-Hernández, Fang, and Ngai (2021), who study the source of cross-country differences and what kind of policies can reduce the gap in working hours between women and men.
Journal Article
Marketization of Home Production and Gender Gaps in Working Hours
Gender gaps in working hours vary widely across member countries of the Organisation for Economic Co-operation and Development. This article summarizes the key results from Duval-Hernández, Fang, and Ngai (2021), who study the source of cross-country differences and what kind of policies can reduce the gap in working hours between women and men.
Journal Article
Did the Fiscal Stimulus Work?
Billions were spent to recover from the Great Recession. How can we know whether taxpayers got a decent bang for the buck? More than seven years after the enactment of the American Recovery and Reinvestment Act, economists, legislators, and the American people continue to debate the effectiveness of the measure. The largest U.S. fiscal stimulus since the 1930s, the Recovery Act pumped hundreds of billions of dollars of federal spending and tax cuts into the economy in an effort to stem the massive job losses and steep drop in economic output that characterized the Great Recession. The ...
Journal Article
Savings programs associated with VITA
There are thousands of Volunteer Income Tax Assistance (VITA) sites across the country and more than 250 in Texas. Located at libraries, community colleges, churches and community-based organizations, these sites pop up during tax season in areas accessible to low- and moderate-income (LMI) workers.