RESEARCH
Who Does The Earned Income Tax Credit Benefit?
Working Paper—The popular EITC program is credited with encouraging employment and reducing poverty. But a SCEPA working paper suggests it may also reduce wages for low-education workers, including older workers who do not receive EITC benefits at the same rate as younger workers.
This paper demonstrates that the Cobb-Douglas function is identically equal to the rules of aggregate accounting with any factor indices and an arbitrary 'human capital' variable thrown in.
The paper develops a model of economic fluctuations in the medium run and their relation with the short-run macroeconomic equilibrium.
This paper argues how a national public bank may be used to finance the national fiscal policy of a country within the euro zone.
This paper discusses how the United States' system of voluntary, tax-favored retirement accounts has failed to produce adequate retirement savings.
Advocates for raising the retirement age to 70 and beyond argue that since the "average" American is living longer, lifetime benefits are actually increasing.
Authors use demand-driven models of economic growth and inequality to conclude US household wealth concentration is not likely to decline in response to fiscal interventions alone.
Despite billions in tax breaks to incentivize retirement savings, almost half of the American workforce does not have a retirement plan.
This policy note illustrates that the average total balance in all retirement accounts is inadequate for retirement security.
