Tag Archives: Redistribution

The Two Step Inequality Problem

An interesting experiment recently showed that we have a two step inequality problem. First, many underestimate the extent and growth of inequality in the US over the past few decades. Showing them information and charts about these trends and where … Continue reading

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How Elastic Are Preferences for Redistribution?

Ilyana Kuziemko, Michael Norton, Emmanuel Saez, & Stefanie Stantcheva have a new NBER paper on inequality and preferences for redistribution: “This paper analyzes the effects of information about inequality and taxes on preferences for redistribution using randomized online surveys on … Continue reading

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Fiscal Policy and MPC Heterogeneity

Tullio Jappelli and Luigi Pistaferri have a recent paper called Fiscal Policy and MPC Heterogeneity. Here’s an interesting figure from it that shows how MPC varies by cash-on-hand: They aren’t the only ones who document MPC heterogeneity. Dynan, Skinner, Zeldes  have a … Continue reading

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Tax Cuts for Whom? Do tax changes for high income taxpayers generate more growth than similarly sized tax changes for lower income taxpayers?

        This figure, which is from a recently revised and submitted paper of mine, shows how the multiplier varies across the income distribution. It shows that equivalently sized tax changes for lower income groups have larger macroeconomic impacts on … Continue reading

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