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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP16275 |
DP16275 Rethinking the Welfare State | |
Nezih Guner; Remzi Kaygusuz; Gustavo Ventura | |
发表日期 | 2021-06-18 |
出版年 | 2021 |
语种 | 英语 |
摘要 | The U.S. spends non trivially on non-medical transfers for its working-age population in a wide range of programs that support low and middle-income households. How valuable are these programs for U.S. households? Are there simpler, welfare-improving ways to transfer resources that are supported by a majority? Quantitatively, what are the macroeconomic effects of such alternatives? We answer these questions in an equilibrium, life-cycle model with single and married households who face idiosyncratic productivity risk, in the presence of costly children and potential skill losses of females associated with non-participation. Our findings show that a potential revenue-neutral elimination of the welfare state generates large welfare losses in the aggregate. Yet, most households support eliminating current transfers since losses are concentrated among a small group. We find that a Universal Basic Income program does not improve upon the current system. If instead per-person transfers are implemented alongside a proportional tax, a Negative Income Tax experiment, there are transfer levels and associated tax rates that improve upon the current system. Providing per-person transfers to all households is quite costly, and reducing tax distortions helps to provide for additional resources to expand redistribution. |
主题 | Labour Economics ; Macroeconomics and Growth ; Public Economics |
关键词 | Taxes and transfers Household labor supply Income risk Negative income tax |
URL | https://cepr.org/publications/dp16275 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545241 |
推荐引用方式 GB/T 7714 | Nezih Guner,Remzi Kaygusuz,Gustavo Ventura. DP16275 Rethinking the Welfare State. 2021. |
条目包含的文件 | 条目无相关文件。 |
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