Tag Archives: Equality of Opportunity

Equalizing Outcomes and Equalizing Opportunities: Optimal Taxation when Children’s Abilities Depend on Parents’ Resources

From Alex Gelber and Matthew Weinzierl: Empirical research suggests that parents’ economic resources affect their children’s future earnings abilities. Optimal tax policy therefore treats future ability distributions as endogenous to current taxes. We model this endogeneity, calibrate the model to match … Continue reading

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The Effects of Tax Expenditures on Intergenerational Mobility

An important new project from Chetty, Hendren, Kline, and Saez starts with this paper, which they will be presenting at the NBER today. This paper develops a framework to study the effects of tax expenditures on intergenerational mobility using spatial variation … Continue reading

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