Household Income Volatility and Tax Policy: Helping More and Hurting Less, Testimony Before the U.S. Joint Economic Committee

2007 ◽  
Author(s):  
Lily L. Batchelder
Keyword(s):  
Household Income ◽  
Tax Policy ◽  
Income Volatility ◽  
Joint Economic Committee ◽  
The U.S

scholarly journals Did We Lose the War on Poverty?

1998 ◽  
Vol 12 (1) ◽  
pp. 79-96 ◽  
Author(s):  
Dale W Jorgenson
Keyword(s):  
Household Income ◽  
Well Being ◽  
War On Poverty ◽  
Support Programs ◽  
Accurate Assessment ◽  
Income Support ◽  
Poverty Level ◽  
The Impact ◽  
The U.S ◽  
Economic Well Being

Official U.S. poverty statistics based on household income imply that the proportion of the U.S. population below the poverty level reached a minimum in 1973, giving rise to the widespread impression that the elimination of poverty is impossible. By contrast, poverty estimates based on household consumption have fallen through 1989 and imply that the war on poverty was a success. This paper recommends replacing income by consumption in official estimates of poverty in order to obtain a more accurate assessment of the impact of income support programs and economic growth on the level and distribution of economic well-being among households.

scholarly journals PAJAK EKSPOR, PERTUMBUHAN EKONOMI, DAN PENDAPATAN: KASUS AGROINDUSTRI DI INDONESIA

KINERJA ◽  
2017 ◽  
Vol 18 (2) ◽  
pp. 180
Author(s):  
Lestari Agusalim
Keyword(s):  
Household Income ◽  
Tax Policy ◽  
Cge Model ◽  
Real Gdp ◽  
Export Tax ◽  
Industry Output ◽  
Agricultural Household ◽  
Negative Effect ◽  
Household Incomes ◽  
Positive Effect

This research aims to analyze whether export tax policy and the policy of productivity increment of agro industry based upstream and downstream sectors can increase real GDP growth, agro industry output, andhousehold income. The model used in this research is a comparative static Computable General Equilibrium (CGE) model. The data used are from the 2008 Input-Output Table, the 2008 System Accounting Matrix (SAM)Table, and other relevant suporting sources. The three simulations conducted in this research are: (1) export tax policy on agro industry’s upstream sector (SIM1), (2) export tax and productivity increment policies on agro industry’s upstream sector (SIM2), and (3) export tax and productivity increment policies on agro industry’s upstream and downstream sectors (SIM3). The three simulations will be adjusted to the government’s policies to suport agro industries’ downstream. SIM1 has negative effect on real GDP and only increases agro industry output in certain sectors only. SIM2 and SIM3 have positive effect on real GDP and increases agro industryoutput. All simulations increase non-agricultural household incomes, and decrease agricultural household incomes.Keywords: agroindustry, export tax, real GDP, household income

scholarly journals The Evolution of Household Income Volatility

2012 ◽  
Author(s):  
Karen E. Dynan ◽  
Douglas W. Elmendorf ◽  
Daniel E. Sichel
Keyword(s):  
Household Income ◽  
Income Volatility

scholarly journals Remittances and Income Smoothing

2011 ◽  
Vol 101 (3) ◽  
pp. 582-587 ◽  
Author(s):  
Catalina Amuedo-Dorantes ◽  
Susan Pozo
Keyword(s):  
Developing Countries ◽  
Household Income ◽  
Borrowing Constraints ◽  
Income Smoothing ◽  
Reverse Causality ◽  
Income Volatility ◽  
Household Level ◽  
Level Data ◽  
Main Motive

Due to inadequate savings and binding borrowing constraints, income volatility can make households in developing countries particularly susceptible to economic hardship. We examine the role of remittances in either alleviating or increasing household income volatility using Mexican household level data over the 2000 through 2008 period. We correct for reverse causality and endogeneity and find that while income smoothing does not appear to be the main motive for sending remittances in a non-negligible share of households, remittances do indeed smooth household income on average. Other variables surrounding income volatility are also considered and evaluated.

The USA: New Stage of Development

2014 ◽  
pp. 88-97
Author(s):  
N. Zagladin
Keyword(s):  
Tax Policy ◽  
Political System ◽  
The State ◽  
Military Force ◽  
Ruling Elite ◽  
Stage Of Development ◽  
The Us ◽  
The Usa ◽  
Democratic Parties ◽  
The U.S

In today’s world the U.S. ruling elite has proved unable to maintain its claim to world leadership by relying on military force. It was also necessary to make corrections in the budget and tax policy and to limit further increase of the state debt. The problems of choosing political alternatives, however, have provoked a serious conflict between the republican and the democratic parties, involving public movements. In fact, the US political system is in the state of crisis that exerts influence on Russian-American relations.

scholarly journals The Evolution of Household Income Volatility

2012 ◽  
Vol 12 (2) ◽  
Author(s):  
Karen Dynan ◽  
Douglas Elmendorf ◽  
Daniel Sichel
Keyword(s):  
Great Recession ◽  
Economic Activity ◽  
Household Income ◽  
Longitudinal Survey ◽  
Income Volatility ◽  
Transfer Payments ◽  
The Great Recession ◽  
Labor Earnings ◽  
Run Up ◽  
Over Time

Abstract Using a representative longitudinal survey of U.S. households, we find that household income became noticeably more volatile between the early 1970s and the late 2000s despite the moderation seen in aggregate economic activity during this period. We estimate that the standard deviation of percent changes in household income rose about 30 percent between 1971 and 2008. This widening in the distribution of percent changes was concentrated in the tails. The share of households experiencing a 50 percent plunge in income over a two-year period climbed from about 7 percent in the early 1970s to more than 12 percent in the early 2000s before retreating to 10 percent in the run-up to the Great Recession. Households’ labor earnings and transfer payments have both become more volatile over time. As best we can tell, the rise in the volatility of men’s earnings appears to owe both to greater volatility in earnings per hour and in hours worked.

scholarly journals Use of Social Media Platforms among Adults in the United States—Behavior on Social Media

Societies ◽  
2020 ◽  
Vol 10 (1) ◽  
pp. 27 ◽  
Author(s):  
Jan Hruska ◽  
Petra Maresova
Keyword(s):  
Social Media ◽  
Household Income ◽  
Media Use ◽  
The United States ◽  
Brand Awareness ◽  
Social Media Use ◽  
Social Media Platforms ◽  
Use Of Social Media ◽  
Household Incomes ◽  
The U.S

Social media has evolved over the last decade to become an important driver for acquiring and spreading information in different domains such as business, entertainment, crisis management, and politics. The increasing popularity of social media raises a number of questions regarding why we use it so much and what aspects influence this activity. What about gender? What about education, income, age or social status? This paper answers some of these questions using statistical analyses and by dividing overall social media use into selected social media, i.e., Facebook, Instagram, Snapchat, YouTube, and Twitter. The analysis used a dataset that contains information related to 2002 respondents from the U.S. and their social media activity. The results show that people with high household incomes and high education use social media the most. As age increases, social media use decreases, while bigger household income means that social media are used more. Overall, understanding where and at what frequency users are on social media can be a key competitive advantage. When using social networks correctly for marketing, companies can significantly improve their brand awareness, customer satisfaction, quality, reach, and profit.

Tax Policy under Nongeometric Physical Depreciation

1986 ◽  
Vol 14 (3) ◽  
pp. 263-288
Author(s):  
Tryphon Kollintzas
Keyword(s):  
Tax Policy ◽  
Income Tax ◽  
Cost Of Capital ◽  
Tax Structure ◽  
User Cost ◽  
Policy Changes ◽  
Fixed Investment ◽  
Major Implication ◽  
The U.S

This article takes into account most important features of the U.S. corporation income tax structure in the derivation of the user cost of capital from a model that allows for nonstatic expectations and nongeometric physical depreciation. The depreciation component of the derived user cost of capital is a function of the discounted future stream of after-tax replacement costs necessary to maintain indefinitely one unit of capital. This establishes a previously neglected channel through which tax policy may affect the user cost of capital and therefore fixed investment. The major implication of this finding is that tax policy changes that are perceived to be relatively temporary may have a smaller impact on fixed investment than previously thought.

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