Browsing by Author "Feldstein, Martin"

Now showing items 1-20 of 37

    • The 2006 Economic Report of the President 

      Feldstein, Martin (American Economic Association, 2006)
      This paper is an analytic comment on two chapters of the Economic Report of the President for 2006. Chapter One deals with the economy in 2005 and the outlook for the future. The chapter provides a detailed analysis of the ...

    • Accumulated Pension Collars: A Market Approach to Reducing The Risk of Investment-Based Social Security Reform 

      Feldstein, Martin S.; Ranguelova, Elena (National Bureau of Economic Research, 2000)
      This paper shows how a new type of derivative product that could be provided by private financial markets could in principle be used to guarantee that an investment-based Social Security reform provides at least the level ...

    • Allocating Payroll Tax Revenue to Personal Retirement Accounts to Maintain Social Security Benefits and the Payroll Tax Rate 

      Feldstein, Martin S.; Samwick, Andrew (National Bureau of Economic Research, 2000)
      In an earlier paper we analyzed a method of combining traditional tax financed pay-as-you-go Social Security benefits with annuities financed by Personal Retirement Accounts. We showed that such a combination could maintain ...

    • Argentina's Fall: Lessons from the Latest Financial Crisis 

      Feldstein, Martin (Council on Foreign Relations, 2002)

    • Can State Taxes Redistribute Income? 

      Feldstein, Martin; Wrobel, Marian Vaillant (Elsevier Science B.V., Amsterdam, 1994)
      The evidence presented in this paper supports the basic theoretical presumption that state and local governments cannot redistribute income. Since individuals can avoid unfavorable taxes by migrating to jurisdictions that ...

    • Capping Individual Tax Expenditure Benefits 

      Feldstein, Martin S.; Feenberg, Daniel; MacGuineas, Maya (National Bureau of Economic Research, 2011)
      This paper analyzes a new way of reducing the major individual tax expenditures: capping the total amount that tax expenditures as a whole can reduce each individual's tax burden. More specifically, we examine the effect ...

    • Corporate Financial Policy and Taxation in a Growing Economy 

      Feldstein, Martin; Green, Jerry; Sheshinski, Eytan (MIT Press, 1979)

    • The Council of Economic Advisors: From Stabilization to Resource Allocation 

      Feldstein, Martin (American Economic Association, 1997)
      This paper traces the changing role of the Council of Economic Advisers. In the 50 years since its creation, the CEA's focus has shifted from the design of policies to achieve full employment to one of advising on the ...

    • Designing Institutions to Deal with Terrorism in the United States 

      Feldstein, Martin (American Economic Association, 2008)
      The explosion in the 21st century of terrorist activities by Islamic radicals in the United States, Europe and Asia requires reforming the institutions for domestic counterterrorism (CT) and new international relations ...

    • Did Wages Reflect Growth in Productivity? 

      Feldstein, Martin (Elsevier, 2008)
      The level of productivity doubled in the U.S. nonfarm business sector between 1970 and 2006. Wages, or more accurately total compensation per hour, increased at approximately the same annual rate during that period if ...

    • The Effect of Federal Tax Deductibility on State and Local Taxes and Spending 

      Feldstein, Martin; Metcalf, Gilbert (University of Chicago Press, 1987)
      This paper examines the effect of federal deductibility of state and local taxes on the fiscal behavior of state and local governments. The primary finding is that deductibil ity affects the way that state and local ...

    • Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act 

      Feldstein, Martin (University of Chicago Press, 1995)
      This paper uses a Treasury Department panel of more than 4,000 taxpayers to estimate the sensitivity of taxable income to changes in tax rates based on a comparison of the tax returns of the same individual taxpayers before ...

    • Effects of Taxes on Economic Behavior 

      Feldstein, Martin (National Tax Association, 2008)
      This paper discusses how the effects of taxes on economic behavior are important for revenue estimation, for calculating efficiency effects, and for understanding short-term macroeconomic consequences. The primary focus ...

    • Essays in Political Economy 

      Veuger, Stan (2013-02-08)
      This dissertation consists of three essays on political economy. The first essay studies the various ways in which political activism affects policy making, drawing upon evidence from the Tea Party movement in the United ...

    • Essays in Public Finance 

      Bruich, Gregory Alan (2015-05-15)
      My dissertation consists of three chapters on topics in public finance. Chapter 1 studies optimal disability insurance (DI) in two parts. In the first part, I show that the well-established result that DI reduces labor ...

    • The Euro and European Economic Conditions 

      Feldstein, Martin S. (National Bureau of Economic Research, 2011)
      The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several countries, the fragile condition of major European banks, the high levels of unemployment, and the ...

    • The European Central Bank and the Euro: The First Year 

      Feldstein, Martin (Elsevier, 2000)
      The creation of the euro and the European Central Bank is a remarkable and unprecedented event in economic and political history: creating a supranational central bank and leaving eleven countries without national currencies ...

    • How Big Should Government Be? 

      Feldstein, Martin (National Tax Association, 1997)
      Suggests that the deadweight burden caused by a tax rate increase depends not only on labor force participation response but also on other dimensions of labor supply (the forms in which compensation is paid; the forms of ...

    • Individual Risk in an Investment-Based Social Security System 

      Feldstein, Martin; Ranguelova, Elena (American Economic Association, 2001)
      This paper examines the risk aspects of an investment-based defined contribution Social Security plan. We focus on the risk after the plan is fully phased in. Individuals deposit a fraction of wages to a Personal Retirement ...

    • Inflation and Taxes in a Growing Economy with Debt and Equity Finance 

      Auerbach, Alan; Sheshinski, Eytan; Feldstein, Martin; Green, Jerry (University of Chicago Press, 1978)
      Our tax system was designed for an economy with little or no inflation. The current paper shows that inflation causes capricious changes in the effective rate of tax on capital income and therefore in the real net rate of ...