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Journal Article
\"Tough Love\": implications for redistributive policy

Jason Saving explores the economic and political implications of "tough love" for redistributive policy. The American welfare system unquestionably helps support the least fortunate among us, but, in making poverty less onerous, it may discourage employment among some individuals. Traditional notions of altruism assume that compassion for the poor is measured by one's willingness to redistribute income but to the extent that more generous support for the poor actually encourages recipiency, welfare programs simultaneously mitigate and exacerbate the problem of poverty. A "new ...
Economic and Financial Policy Review , Issue Q III , Pages 25-29

Journal Article
Who's on welfare?

Regional Review , Issue Sum , Pages 18-23

Working Paper
Social Security Reform with Heterogeneous Mortality

Using a heterogeneous-agent, life-cycle model of Social Security claiming, labor supply and saving, we consider the implications of lifespan inequality for Social Security reform. Quantitative experiments show that welfare is maximized when baseline benefits are independent of lifetime earnings, the payroll tax cap is kept roughly unchanged, and claiming adjustments are reduced. Eliminating the earnings test and the income taxation of Social Security benefits provides additional gains. The Social Security system that would maximize welfare in a "2050 demographics" scenario, characterized by ...
Working Paper , Paper 20-09

Conference Paper
Evaluating the methodology of social experiments

Conference Series ; [Proceedings] , Volume 30 , Pages 131-166

Journal Article
Effects of welfare reform on Western States

FRBSF Economic Letter

Journal Article
Welfare finance reform: District states could face funding challenges

Welfare finance reform could have a substantial fiscal impact on the budgets of some states in the Tenth district, although the ability to cope with reform will vary from state to state. This article discusses some of the proposed changes in welfare funding and the effect they may have on the states in the Tenth District. Each state's ability to offset potential reductions in welfare funding will depend on their own budget resources and whether additional funds are provided to states with limited resources and higher administrative costs.
Regional Economic Digest , Issue Q III , Pages 7-14

Working Paper
Fertility and welfare participation

A look at some basic questions about the phenomenon of welfare births using data from the March 1987 Current Population Survey and the National Longitudinal Survey of Youth. ; An analysis of the quantitative effects of agency costs in a real business cycle model, showing that these costs can explain why output growth displays positive autocorrelation at short horizons. ; An analysis of the quantitative effects of agency costs in a real business cycle model, showing that these costs can explain why output growth displays positive autocorrelation at short horizons.
Working Papers (Old Series) , Paper 9516

Journal Article
New England AFDC caseloads remain high despite the recovery

Fiscal Facts , Issue Win , Pages 1-2, 8

Optimal Progressivity with Age-Dependent Taxation

This paper studies optimal taxation of labor earnings when the degree of tax progressivity is allowed to vary with age. We analyze this question in a tractable equilibrium overlapping-generations model that incorporates a number of salient trade-offs in tax design. Tax progressivity provides insurance against ex-ante heterogeneity and earnings uncertainty that missing markets fail to deliver. However, taxes distort labor supply and human capital investments. Uninsurable risk cumulates over the life cycle, and thus the welfare gains from income compression via progressive taxation increase ...
Staff Report , Paper 551

Working Paper
Production interdependence and welfare

The international welfare effects of a country?s monetary policy shocks have been controversial in the literature. While a unilateral monetary expansion increases the production efficiency in each country, it affects terms of trade in favor of one country against another depending on the currencies of price setting. We show that the increased world production interdependence magnifies the efficiency-improvement effect while dampening the terms-of-trade effect. As a consequence, a unilateral monetary expansion can be mutually beneficial and thus Pareto improving regardless of in which currency ...
Research Working Paper , Paper RWP 04-04



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Saving, Jason L. 6 items

Daly, Mary C. 4 items

Heipertz, Jonas 4 items

Huang, Kevin X. D. 4 items

Liu, Zheng 4 items

Mihov, Ilian 4 items

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Welfare 99 items

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