全球智库信息集成服务系统(G2TT): DP16275 Rethinking the Welfare State

G2TT

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.