Show simple item record

dc.contributor.authorLockwood, Benjamin B
dc.contributor.authorWeinzierl, Matthew Charles
dc.date.accessioned2014-12-09T14:33:59Z
dc.date.issued2014-12-09
dc.identifier.citationLockwood, Benjamin B., and Matthew Weinzierl. "Positive and Normative Judgments Implicit in U.S. Tax Policy, and the Costs of Unequal Growth and Recessions." Harvard Business School Working Paper, No. 14-119, June 2014. (Revised October 2014.)en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:13479242
dc.description.abstractCalculating the welfare implications of changes to economic policy or shocks to the economy requires economists to decide on a normative criterion. One way to make that decision is to elicit the relevant moral criteria from real-world policy choices, converting a normative decision into a positive inference exercise as in, for example, the recent surge of so-called “inverse-optimum” research. We find that capitalizing on the potential of this approach is not as straightforward as we might hope. We perform the inverse- optimum inference on U.S. tax policy from 1979 through 2010 and identify two broad explanations for its evolution. These explanations, however, either undermine the reliability of the inference exercise's conclusions or challenge conventional assumptions upon which economists routinely rely when performing welfare evaluations. We emphasize the need for better evidence on society's positive and normative judgments in order to resolve the questions these findings raise.en_US
dc.language.isoen_USen_US
dash.licenseOAP
dc.titlePositive and Normative Judgments Implicit in U.S. Tax Policy, and the Costs of Unequal Growth and Recessionsen_US
dc.typeResearch Paper or Reporten_US
dc.description.versionAuthor's Originalen_US
dc.relation.journalHarvard Business School working paper series # 14-119en_US
dash.depositing.authorWeinzierl, Matthew Charles
dc.date.available2014-12-09T14:33:59Z
dash.contributor.affiliatedLockwood, Benjamin B.
dash.contributor.affiliatedWeinzierl, Matthew
dc.identifier.orcid0000-0002-8550-7964


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record