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Thu, 02 Apr 2009 00:00:00 GMT
Each year One-Stop Career Centers help millions of unemployed and disadvantaged workers find new jobs and opportunities for advancement. Unfortunately One-Stops are hampered by poor accountability and a lack of adequate funding. Louis S. Jacobson proposes a new approach to One-Stops that would increase cost effectiveness, reduce unemployment and underemployment, and provide a more highly skilled workforce.
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Thu, 12 Feb 2009 00:00:00 GMT
Jason Bordoff argues that the pay-as-you-drive proposal pending in the Washington State Senate is win-win: it saves most drivers money while also addressing climate change, lowering our dependence on oil, alleviating congested roadways, and reducing a range of other driving-related harms. What’s good for drivers, in this case, is also good for society.
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Fri, 23 Jan 2009 00:00:00 GMT
Jason Bordoff argues that U.S. economic performance should be measured by how well economic growth raises the living standards of all Americans. He says that with the right policies and long-term investments we can achieve more broadly-shared prosperity.
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Tue, 06 Jan 2009 00:00:00 GMT
While oil prices have decreased they won't remain that way due to demand and tight supplies. Jason Bordoff argues that faced with this reality, policymakers need to take measures now, while prices are low, to encourage both conservation and development of alternative energy sources.
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Tue, 06 Jan 2009 00:00:00 GMT
The incoming administration needs to act quickly to stimulate our ailing economy. Jason Bordoff suggests that one way to stimulate the economy and prevent the collapse of the auto industry, tackle climate change and promote oil independence, is to offer “cash for clunkers”—drivers would be given vouchers toward the purchase of newer, more fuel-efficient vehicles, with the old vehicles scrapped to get them off the road.
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Fri, 19 Dec 2008 00:00:00 GMT
Richard G. Newell discusses innovation strategy to outline how a well-targeted set of climate policies, including those targeted directly at science and innovation that could help lower the overall costs of climate change mitigation.
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Tue, 09 Dec 2008 10:00:00 GMT
Event Information:
- December 09, 2008, 10:00 AM to 12:00 PM
On December 9, The Hamilton Project hosted a policy forum and released a new discussion paper on the need for a new national poverty measure. In their paper, co-authors Rebecca M. Blank of the Brookings Institution and Mark H. Greenberg of Georgetown University propose a new poverty measure that better reflects the actual economic conditions of low-income Americans. Hamilton Project Advisory Council member Roger C. Altman of Evercore Partners gave welcoming remarks and lead the discussion.
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Mon, 08 Dec 2008 00:00:00 GMT
Rebecca Blank and Mark Greenberg recommend the adoption of a new poverty measure, along the lines recommended by the National Academy of Sciences (NAS), in order to provide a more accurate measure of economic need in the United States.
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Fri, 05 Dec 2008 10:00:00 GMT
Event Information:
- December 05, 2008, 10:00 AM to 12:00 PM
The Hamilton Project hosted a policy discussion on the challenges of prisoner reentry, featuring remarks by former U.S. Treasury Secretary Robert E. Rubin and a keynote address by U.S. Senator Jim Webb (D-Va.). The event also included a policy roundtable with a diverse group of experts on the need for a national prisoner reentry strategy.
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Thu, 04 Dec 2008 00:00:00 GMT
Around seven hundred thousand mostly low-income and minority men and women are released from prison each year. Returning to lives of low wages and high rates of unemployment, about two thirds will be rearrested within three years. Bruce Western proposes a national prisoner reentry program whose core element is up to a year of transitional employment available to all parolees in need of work.
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Thu, 06 Nov 2008 00:00:00 GMT
Today, too many Americans are not fully sharing in our nation’s prosperity. Real median wages have stagnated, income inequality has increased, and changes in the economy that have brought benefits have also brought new risks and insecurities. In response to these challenges, our nation needs to act now on three fronts. First, our nation must make the right long-term investments to promote economic growth that is both strong and sustainable. Second, it is necessary to put in place economic policies that will better achieve broad-based participation in that growth. Third, for growth to be sustainable, it is necessary to restore sound fiscal policy, moving on a multiyear path to a sustainable fiscal position. This paper elaborates on these economic challenges.
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Tue, 23 Sep 2008 00:00:00 GMT
The causes of the mortgage meltdown are myriad and the solutions likely to be multifaceted, but a central problem that led to the crisis was that brokers and lenders offered loans that looked much less expensive and much less risky than they really were. In this paper, Michael Barr, Sendhil Mullainathan and Eldar Shafir propose a sticky opt-out mortgage system, under which lenders would be required to offer borrowers loans with standard terms.
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Tue, 23 Sep 2008 00:00:00 GMT
If current trends continue, today’s default crisis will soon be followed by an affordability crisis as an ever-increasing number of American households find themselves locked out of credit and unable to transition to homeownership. In this paper, Andrew Caplin, Nöel Cunningham, Mitchell Engler and Frederick Pollock argue that development of shared appreciation mortgage (SAM) markets would moderate the impending decline in homeownership and lower the risk of future housing crashes.
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Tue, 23 Sep 2008 08:45:00 GMT
Event Information:
- September 23, 2008, 8:45 AM to 12:00 PM
Turmoil in the U.S. housing and financial markets continues, as evidenced by the recently announced rescue plan for mortgage giants Fannie Mae and Freddie Mac and the latest financial turmoil involving Lehman Brothers, Merrill Lynch and AIG. On September 23, The Hamilton Project released three new discussion papers and hosted a three-panel policy discussion on various aspects of the housing and credit markets.
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Tue, 23 Sep 2008 00:00:00 GMT
In this paper, Edgar Olsen argues that the two most serious structural shortcomings of the current system of low-income housing assistance are (1) its excessive reliance on unit-based assistance and (2) its failure to provide housing assistance to all of the poorest eligible families who ask for help.
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Thu, 31 Jul 2008 00:00:00 GMT
In a follow up to their Hamilton Project discussion paper, Pay-As-You-Drive Auto Insurance: A Simple Way to Reduce Driving-Related Harms and Increase Equity, Jason Bordoff and Pascal Noel examine the effects of pay-as-you-drive in California.
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Tue, 29 Jul 2008 00:00:00 GMT
There is little lawmakers can do in the short run to reduce prices at the pump, argue Jason Bordoff and Pascal Noel. What if there were a way to lower the cost of driving while still encouraging people to drive less and use less oil? The authors examine how pay-as-you-drive auto insurance supports this goal.
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Fri, 25 Jul 2008 00:00:00 GMT
Our nation’s air traffic control system, run by the Department of Transportation’s Federal Aviation Administration (FAA), has not kept up with the explosive growth in air travel. In as discussion paper for the Hamilton Project, Dorothy Robyn proposes to measures to increase air traffic effeciency and safety.
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Fri, 25 Jul 2008 00:00:00 GMT
Roughly one-third of households in rural America cannot subscribe to broadband Internet services at any price. In a discussion paper for The Hamilton Project, John M. Peha discusses expanding broadband service to rural communities to expend technological infrastructure and promote economic growth.
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Fri, 25 Jul 2008 00:00:00 GMT
A large and growing burden on the nation’s economy, traffic congestion arises for various reasons, and more than one mechanism is needed to combat it. In a discussion paper for The Hamilton Project, David Lewis proposes a nationwide congestion pricing system to combat the financial and social costs of congestion.
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Fri, 25 Jul 2008 00:00:00 GMT
The current lump-sum pricing of auto insurance is inefficient and inequitable. In a discussion paper for The Hamilton Project Jason E. Bordoff and Pascal J. Noel propose Pay-As-You-Drive auto insurance as a more effecient means of pricing for the auto insurance industry.
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Fri, 25 Jul 2008 08:45:00 GMT
Event Information:
- July 25, 2008, 8:45 AM to 12:30 PM
The state of the nation’s infrastructure is generating rising public attention, prompted by daily travel frustrations, high-profile catastrophes, urgent calls to address climate change and energy security, and concerns about productivity and economic growth. The Hamilton Project released six new policy papers and hosted a public forum on the need for a national strategy that promotes infrastructure as a central component of long-term, broadly shared growth.
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Fri, 25 Jul 2008 00:00:00 GMT
The public "airwaves," or the radio spectrum, are a tremendously valuable asset that remains partially untapped by entrepreneurs and users. In a discussion paper for the Hamilton Project, Philip J. Weiser discusses how to expand access to wireless spectrum to bring more households internet access.
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Fri, 25 Jul 2008 00:00:00 GMT
Infrastructure investment has received more attention in recent years because of increased delays from road and air congestion, high-profile infrastructure failures, and rising concerns about energy security and climate change. Manasi Deshpande and Doug Elmendorf discuss a strategy for America to increase investment in physical and telecommunications infrastructure to spur a more prosperous economy.
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Thu, 24 Jul 2008 00:00:00 GMT
The United States is in the midst of another wave of interest in universal health insurance coverage, this time inspired by efforts at the state level. In a discussion paper for The Hamilton Project, Jonathan Gruber of the Massachusetts Institute of Technology discusses expanding the Massachusetts health insurance program to the national level.
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Mon, 23 Jun 2008 00:00:00 GMT
Although the federal government dedicated nearly $40 billion to funding student loans in 2006, only 60 percent of potential students from low-income families attend college, compared with 90 percent from high-income families. Sima J. Gandhi argues that enrollment rates are lower than they could be because potential students undervalue loan subsidies, which are delivered after graduation instead of up front when a student enrolls and incurs costs.
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Thu, 05 Jun 2008 00:00:00 GMT
Despite their many benefits, the take-up rate for annuities is currently low because of behavioral biases and market failures. In this paper, William Gale, J. Mark Iwry, David John and Lina Walker propose a two-year trial to allow retirees to experience the consistency, security, and simplicity of the lifetime income stream guaranteed by annuities.
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Thu, 05 Jun 2008 00:00:00 GMT
The volatility of state tax revenues can force states and localities to cut back on necessary programs or raise taxes at a time when the state economy is already suffering. Akash Deep and Robert Z. Lawrence explain that pooling the risk of tax revenue losses could compensate states and localities for lost tax revenue and allow them to respond to fiscal crises without raising taxes or cutting services.
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Thu, 05 Jun 2008 09:30:00 GMT
Event Information:
- June 05, 2008, 9:30 AM to 12:00 PM
Hurricanes, retirement, home-buying and tax-base erosion all pose financial risks. Yet markets to reduce these risks are elusive. The Hamilton Project at Brookings released papers at a discussion on how sound public policy can play a critical role in helping to foster new markets or expand existing markets in ways that could provide widely shared benefits.
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Thu, 05 Jun 2008 00:00:00 GMT
In this overview paper, Jason Furman examines reasons why markets that could reduce risks are missing and what the government can do to foster markets in these areas. He xplains that certain laws and regulations, market failures and behavioral biases of consumers act as barriers to market formation.
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Thu, 15 May 2008 00:00:00 GMT
Tax incentives for employer-sponsored insurance and other medical spending cost about $200 billion annually and have pervasive effects on coverage and costs. In this paper, Jason Furman surveys a range of proposals to reform health care, either by adding new tax incentives or by limiting or replacing the existing tax incentives.
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Mon, 21 Apr 2008 00:00:00 GMT
By examining the IMF's World Economic Outlook, Senior Fellow Doug Elmendorf, discusses ways in which innovations in housing finance around the world might change the way monetary policy deals with housing developments in the future.
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Tue, 15 Apr 2008 00:00:00 GMT
Testifying before the Senate Finance Committee on Tax Day—April 15, Jason Furman described how policy-makers can make the tax code more efficient by following principles of "tax neutrality" so that individuals' decisions are made on economic merits and not for tax reasons.
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Mon, 14 Apr 2008 10:00:00 GMT
Event Information:
- April 14, 2008, 10:00 AM to 12:00 PM
Since 1950, only 12 countries have managed to grow at rates in excess of 7 percent for 25 years or more. Many more countries—in places as diverse as Latin America, Africa, and the Middle East—have managed high growth rates for shorter periods, only to see that growth falter. On April 14, The Hamilton Project and the Commission on Growth & Development hosted a discussion on the role of economic growth in reducing poverty in developing nations.
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Fri, 11 Apr 2008 00:00:00 GMT
Alice Rivlin discusses why the recent rescue of Bear Stearns by the Federal Reserve, was "money well spent." The Fed's actions, she says, were aimed at "protecting the rest of the country—and indeed the world—from the possibly devastating consequences of a financial meltdown."
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Thu, 10 Apr 2008 00:00:00 GMT
Congress and the administration are moving forward in myriad ways to boost beleaguered homeowners and put the economy back on track. Doug Elmendorf, testifying before the Senate, urged policy-makers to expand the role of the Federal Housing Administration to help families in trouble refinance their mortgages, and offered comments on the compromise Senate housing bill.
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Sun, 06 Apr 2008 00:00:00 GMT
The financial regulatory infrastructure that started during the Civil War is now an "alphabet soup" of agencies, and it suffers from duplication in some areas and gaps in others. Jason Furman provides guidance on how policy-makers can build a more effective and stable financial system.
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Fri, 04 Apr 2008 00:00:00 GMT
As part of a series offering detailed policy prescriptions for the next president, Slate asked Hamilton Project Director and Brookings Senior Fellow Jason Furman for his views on how to remedy the current fiscal crisis. Furman offers a three-part response: fully account for the budget, stick to the budget and work with the other party.
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Tue, 01 Apr 2008 12:00:00 GMT
This book focuses on three key criteria for fostering broadly shared economic growth: enhancing economic security, building a highly skilled work force, and reforming the tax system.
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Tue, 01 Apr 2008 12:00:00 GMT
Event Information:
- April 01, 2008, 12:00 PM to 1:30 PM
Brookings’ Hamilton Project and Metropolitan Policy Program hosted a roundtable discussion on the merits and potential barriers to congestion pricing as a tool for combating urban gridlock. Brookings Fellow Robert Puentes provided an overview of the national transportation landscape and David Lewis, senior vice president with HDR Decision Economics, discussed his newly proposal for a coordinated federal-state policy framework for congestion pricing. A panel of experts discussed the proposal in the context of the current national debate.
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Mon, 17 Mar 2008 16:42:08 GMT
Over the weekend, the Federal Reserve bailed out Wall Street giant Bear Stearns in an effort to steady the nation’s bumpy economy. Hamilton Project Director and Senior Fellow Jason Furman says it was a necessary stop-gap for our troubled economy.
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Fri, 14 Mar 2008 11:00:00 GMT
Event Information:
- March 14, 2008, 11:00 AM to 1:00 p.m.
The Hamilton Project at Brookings hosted a discussion on proposed policy responses to the mortgage-foreclosure problem. Former U.S. Treasury Secretaries Robert E. Rubin and Lawrence H. Summers offered remarks. Panelists evaluated several specific proposals for ameliorating the mortgage-foreclosure problem and proposed next steps for consideration.
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Sat, 01 Mar 2008 00:00:00 GMT
Jason Bordoff presents a plan for "pay-as-you-drive" car insurance, a win-win policy—good for society and good for most drivers—that makes significant progress on climate change, congestion and other driving-related harms and is more equitable at the same time, all while reducing insurance costs for the majority of drivers.
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Fri, 29 Feb 2008 00:00:00 GMT
Without government action, mortgage foreclosures will rise steeply for the next several years, argues Doug Elmendorf. He analyzes the wide range of proposals for tackling this problem, arguing that policy-makers should weigh the fairness of alternative approaches and effects on future mortgage credit, as well as the consequences of inaction.
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Fri, 01 Feb 2008 00:00:00 GMT
Will the economy get a much-needed boost from a stilmulus package? In a week long Los Angeles Times 'Dust Up' series, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package.
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Fri, 01 Feb 2008 00:00:00 GMT
Data from the Panel Study of Income Dynamics (PSID) reveals that household income has become noticeably more volatile during the past thirty years. Senior Fellow Doug Elmendorf with Karen Dynan and Daniel Sichel from the Federal Reserve Board estimate that the standard deviation of percent changes in household income rose one-fourth between the early 1970s and early 2000s.
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Thu, 31 Jan 2008 00:00:00 GMT
Will the economy get a much-needed boost from a stilmulus package? In a week long Los Angeles Times 'Dust Up' series, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package.
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Wed, 30 Jan 2008 00:00:00 GMT
Will the economy get a much-needed boost from a stilmulus package? In a week long Los Angeles Times 'Dust Up' series, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package.
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Tue, 29 Jan 2008 00:00:00 GMT
Will the economy get a much-needed boost from a stilmulus package? In a week long Los Angeles Times 'Dust Up' series, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package.
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Tue, 29 Jan 2008 00:00:00 GMT
As the government moves closer to finalizing a fiscal stimulus package, the Federal Reserve must decide what influence, if any, the legislation should have on policy. Two former Fed economists, Douglas Elmendorf of the Brookings Institution and Vincent Reinhart of the American Enterprise Institute, argue that fiscal stimulus shouldn't stop the Fed from significantly cutting rates.
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Mon, 28 Jan 2008 00:00:00 GMT
Will the economy be stimulated by the House/White House stimulus package? In a week long series, The Hamilton Project director, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package.
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Sat, 26 Jan 2008 00:00:00 GMT
With a weakening economy, most agree that any well-designed stimulus should be timely, temporary and targeted. Douglas W. Elmendorf and Jason Furman advocate that the "three T" principles are critical to ensure that any benefits do not come at the expense of serious long-run harm.
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Thu, 24 Jan 2008 00:00:00 GMT
In a testimony before the U.S. Senate Committee on Finance, Jason Furman discusses a timely, temporary and targeted fiscal stimulus as a well-designed solution in stabilizing the economy.
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Thu, 10 Jan 2008 00:00:00 GMT
Congressional leaders are now discussing the shape of an economic stimulus bill, while President Bush prepares to unveil his own plan. In a new Hamilton Project paper, Jason Furman and Doug Elmendorf explain why tax or spending changes that are timely, targeted and temporary may be a useful complement to further monetary stimulus because they can boost economic activity more quickly.
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Thu, 10 Jan 2008 10:00:00 GMT
Event Information:
- January 10, 2008, 10:00 AM to 12:00 PM
The Hamilton Project convened a roundtable of experts to discuss what economists know about fiscal stimulus – if it is appropriate, when should it be implemented, and how should it be done. Former Treasury Secretary Robert E. Rubin was joined by Harvard University Professor Martin Feldstein, Brookings Senior Fellow Alice Rivlin, Brookings Senior Fellow Douglas W. Elmendorf, and Hamilton Project Director Jason Furman for this important policy discussion.
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Sun, 16 Dec 2007 00:00:00 GMT
Hamilton Project Director Jason Furman was one of six experts asked by The New York Times to assess the current state and forecast the future direction of the American economy.
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Sat, 15 Dec 2007 00:00:00 GMT
Although the overall economy has grown reasonably well in the last six years, the gains have not filtered down and the share of Americans in poverty has risen. Jason Furman suggests policy improvements to better facilitate the American dream.
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Wed, 12 Dec 2007 00:00:00 GMT
To address a few problems with low-income families, John Karl Scholz proposes a two-part policy designed to increase the return to work. He argues that increasing the return to work for childless low-skilled workers will lower unemployment rates and will improve other social benefits.
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Wed, 12 Dec 2007 00:00:00 GMT
Hamilton Project's expert Harry J. Holzer proposes a new federal funding stream to identify, expand, and replicate the most successful state and local initiatives designed to spur the advancement of low wage workers in the United States.
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Wed, 12 Dec 2007 00:00:00 GMT
Hans Bos, Greg J. Duncan, Lisa A. Gennetian and Heather D. Hill make the case for a national program offering the kind of work supports that were part of the New Hope program, a policy experiment that operated for three years in Milwaukee, Wisconsin in the mid- to late-1990s.
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Wed, 12 Dec 2007 09:00:00 GMT
Event Information:
- December 12, 2007, 9:00 AM to 12:00 PM
On December 12, the Hamilton Project at Brookings hosted a two-part forum at the National Press Club on ways to encourage, facilitate and reward work. Besides releasing a new Hamilton Project strategy paper, the forum highlighted four new and forthcoming discussion papers.
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Wed, 12 Dec 2007 00:00:00 GMT
Poverty remains a pressing problem in the United States. Many of the 36 million Americans in poverty are working, but full-time work at the minimum wage does not provide enough income to escape poverty. Jason Bordoff, Jason Furman, and Paige Shevlin offer a three-part strategy to reduce poverty and strengthen growth across the income spectrum.
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Tue, 13 Nov 2007 00:00:00 GMT
Some argue that the Federal Reserve has kept rates too low for too long, thus setting the stage for the housing boom-bust and financial turmoil. But the optimal policy one can imagine in hindsight would not have changed the course of events much, says Doug Elmendorf.
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Tue, 30 Oct 2007 00:00:00 GMT
Gilbert E. Metcalf, a Hamilton Project expert, argues that strong political, administrative, and efficiency arguments can be made for the superiority of a carbon tax to a cap-and-trade scheme.
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Tue, 30 Oct 2007 00:00:00 GMT
Jason Furman and co-authors present a three-part strategy for addressing climate change and promoting energy security.
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Tue, 30 Oct 2007 09:00:00 GMT
Event Information:
- October 30, 2007, 9:00 AM to 12:30 PM
High energy prices and harmful environmental practices call for new policy directions. The Hamilton Project released three new papers on market mechanisms to reduce greenhouse gas emissions and proposals to expand —and possibly restructure—the federal research and development program for new greenhouse gas reducing technologies.
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Tue, 30 Oct 2007 00:00:00 GMT
Robert N. Stavins, a Hamilton Project expert, argues that a cap-and-trade system is the better approach for the United States in the short to medium term—and more likely to be politically successful.
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Sat, 27 Oct 2007 00:00:00 GMT
The system for taxing business is broken; Ways and Means Chairman Charles Rangel is proposing a fix. Senior Fellow Jason Furman argues that the Rangel plan opens an important discussion that others—including the Bush Administration—should join.
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Mon, 08 Oct 2007 16:54:20 GMT
Senior Fellow Douglas Elmendorf explains the roots of the crisis surrounding the rising sub-prime mortgage default rate and suggests that a greater financial literacy would be useful to homeowners and prospective homeowners.
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Wed, 26 Sep 2007 09:30:00 GMT
Event Information:
- September 26, 2007, 9:30 AM to 11:30 AM
As the nation faces what might turn out to be the worst liquidity crisis around housing in 50 years, The Hamilton Project brought together former and current Treasury officials, Wall Street experts and others for a free-flowing discussion on the risks to the economy and to individual home owners.
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Fri, 21 Sep 2007 00:00:00 GMT
Doug Elmendorf offers a critical appraisal of recent policy responses to rising delinquencies and foreclosures of subprime mortgages. The Federal Reserve should reduce, but not slash, the federal funds rate, he argues.
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Thu, 06 Sep 2007 00:00:00 GMT
Hamilton Project Director Jason Furman testified before the House Ways and Means Committee on fair and equitable tax policy for America's working families.
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Tue, 17 Jul 2007 09:00:00 GMT
Event Information:
- July 17, 2007, 9:00 AM to 12:30 PM
On July 17, The Hamilton Project at the Brookings Institution hosted a forum on health-care reform and released four alternative policy proposals for achieving the goal of universal health care coverage for all Americans. This forum builds on an April release of Hamilton Project papers examining policy options for making health care more affordable while also improving its effectiveness.
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Sun, 01 Jul 2007 00:00:00 GMT
Several principles govern the creation of our Medicare Part E(veryone) proposal. First, universal health insurance coverage is necessary.
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Sun, 01 Jul 2007 00:00:00 GMT
Paper by Ezekiel J. Emanuel and Victor R. Fuchs (July 2007)
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Tue, 12 Jun 2007 09:00:00 GMT
Event Information:
- June 12, 2007, 9:00 AM to 12:00 PM
The Hamilton Project at the Brookings Institution hosted a forum and released a new set of policy proposals that address the challenges of reforming the U.S. tax system in an increasingly global economy. Former U.S. Treasury Secretary Lawrence H. Summers opened the discussion by providing an overview of a new Hamilton Project strategy paper that frames the challenges facing the current U.S. system of taxation and offers six guiding principles for progressively reforming the tax code.
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Fri, 01 Jun 2007 00:00:00 GMT
This paper introduces the Business Enterprise Income Tax (BEIT), a comprehensive and detailed proposal for reforming business income taxation. Current law fails to tax all business income consistently and comprehensively. It distorts economic behavior and diverts managerial effort toward tax avoidance.
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Fri, 01 Jun 2007 00:00:00 GMT
The current system of taxing multinational firms relies on separate accounting: firms account for earnings and costs in each location in which they operate. This system generates a large tax incentive to earn income in low-tax countries, and multinational firms respond by earning disproportionate profits in low-tax locations.
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Fri, 01 Jun 2007 00:00:00 GMT
The progressive tax system, and the nation's fiscal system more broadly, have historically played an important role in expanding opportunities for all Americans while reducing inequality. But the same dynamic forces of technological change, financial innovation, and globalization that have contributed to rising income inequality also present new challenges for progressive taxation.
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Fri, 01 Jun 2007 00:00:00 GMT
Using data from the PSID, we find that household income has become noticeably more volatile during the past thirty years. We estimate that the standard deviation of percent changes in household income rose one-fourth between the early 1970s and early 2000s.
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Fri, 01 Jun 2007 00:00:00 GMT
The repeal of the estate tax for one year only in 2010 creates vast uncertainty but also provides an opportunity to reconsider the taxation of gifts and bequests. This paper proposes replacing the estate tax with an inheritance tax.
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Fri, 01 Jun 2007 00:00:00 GMT
Paper by Jason Bordoff (Summer 2007)
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Wed, 02 May 2007 15:00:00 GMT
Event Information:
- May 02, 2007, 3:00 PM to 4:30 PM
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Tue, 01 May 2007 00:00:00 GMT
For most working-age families, health insurance coverage is directly connected to the workplace. But because of structural weaknesses in this traditional form of coverage, it is steadily eroding, especially for workers in the small business sector.
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Tue, 10 Apr 2007 09:30:00 GMT
Event Information:
- April 10, 2007, 9:30 AM to 12:30 PM
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Mon, 02 Apr 2007 00:00:00 GMT
Interview with Joseph P. Newhouse (04/02/07)
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Sun, 01 Apr 2007 00:00:00 GMT
Paper by Jason Furman (April 2007)
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Sun, 01 Apr 2007 00:00:00 GMT
Paper by Jeanne M. Lambrew (April 2007)
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Sun, 01 Apr 2007 00:00:00 GMT
Paper by Richard G. Frank and Joseph P. Newhouse (April 2007)
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Thu, 29 Mar 2007 09:30:00 GMT
Event Information:
- March 29, 2007, 9:30 AM to 12:30 PM
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Fri, 23 Mar 2007 00:00:00 GMT
Remarks by Jason E. Bordoff (03/23/07)
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Thu, 15 Mar 2007 00:00:00 GMT
Speech by Jeffrey R. Kling (03/15/07)
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Wed, 14 Feb 2007 00:00:00 GMT
This paper discusses a framework for education policy, from early childhood through post-secondary education, along with major reform ideas consistent with that framework. We present evidence showing that education is critical to broad-based economic growth.
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Thu, 01 Feb 2007 00:00:00 GMT
Success by Ten is a proposed program designed to help every child achieve success in school by age ten. It calls for a major expansion and intensification of Head Start and Early Head Start, so that every disadvantaged child has the opportunity to enroll in a high-quality program of education and care during the first five years of his or her life. Because the benefits of this intensive intervention may be squandered if disadvantaged children go from this program to a low-quality elementary school, the second part of the proposal requires that schools devote their Title I spending to instructional programs that have proven effective in further improving the skills of children, especially their ability to read.
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Thu, 01 Feb 2007 00:00:00 GMT
Interview with Jason Furman (02/01/07)
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Thu, 01 Feb 2007 00:00:00 GMT
The federal system of student financial aid is broken. Information about aid eligibility is hidden behind a thicket of complicated paperwork, and is also highly uncertain. Concrete information arrives just a few months before or even months after students enroll in college— far too late to affect enrollment decisions. Economic theory and evidence suggest that the costs of complexity and uncertainty are high: many high school students won't even start on the path to college if they aren't certain they can afford it. Capable students teetering on the margin of college entry are thus discouraged from going to college by its price, even though aid is available to them. This is a waste of human potential.
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Wed, 31 Jan 2007 00:00:00 GMT
Testimony by Jason Furman (1/31/07)
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Tue, 23 Jan 2007 00:00:00 GMT
In his State of the Union address, President Bush will propose to replace most current tax exclusions and deductions for health insurance premiums and out-of-pocket costs with a new $15,000 standard deduction ($7,500 for single people) in the federal income tax-as well as an exemption from payroll taxes-for all taxpayers who obtain qualifying health insurance. The plan would eliminate the current bias in favor of health insurance obtained through employers, provide tax incentives for the purchase of health insurance in the private market, and reduce current tax incentives to over-spend on healthcare services. As designed, the proposal would be revenue neutral over ten years, after which it would generate a growing stream of revenue.
The innovative plan is a major step toward improving the efficiency of the market for health insurance. By severing the link between work and insurance, it would offer everyone the same tax incentives to obtain insurance coverage and limit spending on health care. Whether it would succeed in meeting its objectives in a fair way is less clear.
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Tue, 05 Dec 2006 10:00:00 GMT
Event Information:
- December 05, 2006, 10:00 AM to 12:30 PM
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Sun, 03 Dec 2006 00:00:00 GMT
Opinion by Peter Orszag (12/3/2006)