Category Archives: Uncategorized

Human Capital Investment, Inequality and Economic Growth

From Murphy and Topel: We treat rising inequality is an equilibrium outcome in which human capital investment fails to keep pace with rising demand for skills. Investment affects skill supply and prices on three margins: the type of human capital … Continue reading

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Shift in Payouts of Corporate Profits Has Major Revenue and Tax-Reform Consequences

Here is a NBER discussion of some my recent work on tax policy and the economy In 1980, about 80 percent of business income went to traditional corporations, but research presented at the NBER’s annual Tax Policy and the Economy Conference … Continue reading

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State Taxes and Spatial Misallocation

Pablo Fajgelbaum, Eduardo Morales, Juan Carlos Suarez Serrato, and I have a new paper on the impact of state taxes on the US economy. Here is the abstract: We study state taxes as a potential source of spatial misallocation in … Continue reading

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Moved to Opportunity: The Long-Run Effect of Public Housing Demolition on Labor Market Outcomes of Children

From Eric Chyn: This paper provides new evidence on the effects of moving out of disadvantaged neighbor- hoods on the long-run economic outcomes of children. My empirical strategy is based on public housing demolitions in Chicago which forced households to … Continue reading

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Fed Interview with Jim Poterba

Poterba on interesting questions in macroeconomics today: There are just so many exciting topics in macro today. Why are global interest rates so low? What is happening in the eurozone? How do we think about long-term fiscal policy and sustainability … Continue reading

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We are hiring full time RAs at Chicago Booth

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Poterba discusses High-Income Individuals on Business Taxation with Eric Zwick

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