Tag Archives: inequality

The Macroeconomics of Piketty

From Chad Jones: Since the early 2000s, research by Thomas Piketty, Emmanuel Saez, and their coathors has revolutionized our understanding of income and wealth in- equality. In this paper, I highlight some of the key empirical facts from this re- … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Tax Evasion on Offshore Profits and Wealth

From Gabriel Zucman: This article attempts to estimate the magnitude of corporate tax avoidance and personal tax evasion through offshore tax havens. In the United States, corporations book 20% of their profits in tax havens – a tenfold increase since … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Is the EITC as Good as an NIT? Conditional Cash Transfers and Tax Incidence

From Jesse Rothstein: The EITC is intended to encourage work. But EITC-induced increases in labor supply may drive wages down. I simulate the economic incidence of the EITC. In each scenario that I consider, a large portion of low-income single … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | 1 Comment

Corporate Profits, Proprietors’ Income, and Labor Compensation

From Ed Dolan:

Posted in Uncategorized | Tagged , , , , | 1 Comment

The Inequality Deflator: Interpersonal Comparisons without a Social Welfare Function

From Nathan Hendren: This paper develops a method for resolving the equity-efficiency tradeoff that modifies the Kaldor-Hicks compensation principle to account for the distortionary cost of redistribution. The inequality deflator weights surplus by the marginal cost of providing transfers to … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

The Distribution of US Wealth, Capital Income, and Returns since 1913

From Paul Krugman: Emmanuel Saez and Gabriel Zucman have been developing an alternative procedure for estimating top wealth shares — preliminary slides here — and it tells a very different story from the common one. According to their estimates, the wealth … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Inequality and Technological Change: The Skill Complementarity of Broadband Internet

A very interesting paper from Anders Akerman, Ingvil Gaarder, Magne Mogstad: Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological change skill biased or factor neutral? We exploit rich Norwegian data with firm-level information on … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment

America risks becoming a Downton Abbey Economy

From Larry Summers: Inequality has emerged as a major issue in the US and beyond. A generation ago it could reasonably have been asserted that the overall growth rate of the economy was the main influence on the growth in … Continue reading

Posted in Uncategorized | Tagged , , , , , | 1 Comment

Wealth Inequality since 1810

Via Emmanuel Saez’s lecture notes on capital income taxation  

Posted in Uncategorized | Tagged , , , , , , | 1 Comment

Private Equity, Productivity, and Inequality

Sorry for the light posting – I have been traveling for job interviews. Here’s an interesting paper that I heard about recently. It shows that  private equity buyouts bring productivity improvements and lower payrolls on average. Here is the full … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment