Taxes
- Working Paper
Identifying Rates of Emigration in the United States Using Administrative Earnings Records: Working Paper 2009-01
This paper undertakes a new strategy to estimate emigration rates among U.S. immigrants by inferring the probability of emigration using longitudinal administrative earnings data from 1978 through 2003.
- Working Paper
Panel Data Techniques and the Elasticity of Taxable Income: Working Paper 2008-11
This paper examines the elasticity of taxable income with a focus on income controls designed to control for divergence in the income distribution and mean reversion.
- Working Paper
Taxation and Asset Pricing in a Production Economy: Working Paper 2008-10
This paper studies the asset pricing implications of dividend and corporate income taxes in a stochastic general equilibrium model with production similar to Jermann (1998).
- Working Paper
Financing Losses from Catastrophic Risks: Working Paper 2008-09
Catastrophe insurance helps spread risks and increases the ability of policyholders and the economy to recover from both natural disasters and terrorist attacks.
- Working Paper
Taxable Income Responses to 1990s Tax Acts: Further Explorations: Working Paper 2008-08
This paper presents applications of variants of a differencing methodology to Internal Revenue Service tax records in order to estimate taxable income elasticities for the 1990s.
- Working Paper
The Labor Supply Response in Macroeconomic Models: Working Paper 2008-07
We evaluate the labor supply response in a stochastic overlapping generations model with incomplete markets and a non separable utility function in labor and consumption.
- Working Paper
Reestimating the Phillips Curve and the NAIRU: Working Paper 2008-06
Recent research indicates that there have been fund amental changes in the way the economy works since the mid-1980s, including a reduction in the volatility of real GDP growth and lower rates of inflation and unemployment.
- Working Paper
An Assessment of CES and Cobb-Douglas Production Functions: Working Paper 2008-05
This paper surveys empirical and theoretical literature on macroeconomic production functions and assesses whether constant elasticity of substitution or Cobb-Douglas specification is more appropriate for CBO's macroeconomic forecasts.
- Working Paper
Have People Delayed Claiming Retirement Benefits? Responses to Changes in Social Security Rules: Working Paper 2008-04
This paper examines changes in the age at which people claim Social Security retirement benefits in response to two changes that have been made recently to rules governing the Social Security program.
- Working Paper
The Impact of Progressive Dividend Taxation on Investment Decisions: Working Paper 2008-03
In this paper, we study the distortionary impact of progressive dividend taxation on dynamic investment decisions under the "new view" of dividend taxation.