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Journal Article
Food, fuel and families
Runyon, Herbert (1974)
FRBSF Economic Letter

Working Paper
The optimal mix of taxes on money, consumption and income
De Fiore, Fiorella; Teles, Pedro (2002)
We determine the optimal combination of taxes on money, consumption and income in transactions technology models where exogenous government expenditures must be financed with distortionary taxes. We show that the optimal policy does not tax money, regardless of whether the government can use as alternative fiscal instruments an income tax, a consumption tax, or the two taxes jointly. These results are at odds with recent literature. We argue that the reason for this divergence is an inappropriate specification of the transactions technology adopted in the literature.
Working Paper Series , Paper WP-02-03

Journal Article
Searching for the hidden economy : economists believe as much as 10 percent of the U.S. economy is \\"underground.\\" Is that such a bad thing?
Campbell, Doug (2005-04)
Econ Focus , Volume 9 , Issue Spr , Pages 16-19

Newsletter
Household debt
Fisher, Jonas D. M.; Edelberg, Wendy (1997-11)
Chicago Fed Letter , Issue Nov

Conference Paper
Regional income trends and convergence
Giertz, J. Fred; Mehta, Shekhar (1996)
Assessing the Midwest Economy , Paper SP-4

Journal Article
Black–White Differences in Intergenerational Economic Mobility in the U.S.
Mazumder, Bhashkar (2014-01)
In recent decades, blacks have experienced substantially less upward mobility and substantially more downward mobility from one generation to the next than whites. These results are shown to be highly robust to a variety of measurement issues. The author examines rates of intergenerational mobility by race and asks whether such racial differences in the U.S. are likely to be eliminated and, if so, how long it might take.
Economic Perspectives , Issue Q I

Journal Article
Trends in the Labor Share Post-2000
Tuzemen, Didem; Tran, Thao; Marsh, W. Blake (2018-12-06)
The labor share of income declined sharply in the United States from 2000 to 2010 but seems to have stabilized since 2010. We examine aggregate trends in the labor share and show that the 2000?10 decline was driven by declines in the fraction of income paid to workers in all industries. The stabilization in the labor share after 2010 mostly reflects an increased share of services industries income paid to workers.
Macro Bulletin , Issue December 6, 2018 , Pages 1-4

Journal Article
Family resources and college enrollment
Mazumder, Bhashkar (2003-10)
This article reviews the literature on the effects of family income and tuition costs on college and enrollment and finds mixed evidence in support of tuition subsidies. The author also presents new evidence showing that college enrollment is especially sensitive to income for families with modest amounts of wealth, suggesting that borrowing constraints may be a factor in limiting access to higher education.
Economic Perspectives , Volume 27 , Issue Q IV

Working Paper
Comparing Micro and Macro Sources for Household Accounts in the United States: Evidence from the Survey of Consumer Finances
Pack, Sarah; Thompson, Jeffrey P.; Devlin-Foltz, Sebastian; Dettling, Lisa J.; Krimmel, Jacob (2015-06-25)
Household income, spending, and net worth are key inputs in macroeconomic forecasting and economic research. Macro-level data sources are often used to measure household accounts, but lack important information about heterogeneity across different types of households that can be found in micro-level data sources. This paper compares aggregates computed based on one micro-level data source--the Survey of Consumer Finances (SCF)--with macro-level sources of information on household accounts. We find that on most measures, aggregates computed from the SCF line up well with macro-level data ...
Finance and Economics Discussion Series , Paper 2015-86

Working Paper
Modernization and Discrete Measures of Democracy
Spiegel, Mark M.; Corvalen, Alejandro; Benhabib, Jess (2014-01-14)
We reassess the empirical evidence for a positive relationship between income and democracy, commonly known as the ?modernization hypothesis,? using discrete democracy measures. While discrete measures have been advocated in the literature, they pose estimation problems under fixed effects due to incidental parameter issues. We use two methods to address these issues, the bias-correction method of Fernandez-Val, which directly computes the marginal effects, and the parameterized Wooldridge method. Estimation under the Fernandez-Val method consistently indicates a statistically and ...
Working Paper Series , Paper 2014-1

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