Outlook for the Budget and the Economy
- Working Paper
Occupational Employment Risk and its Consequences for Unemployment Duration and Wages: Working Paper 2007-01
There are substantial differences in unemployment durations and reemployment outcomes for workers in different occupations. This paper shows that this variation can be explained in part by differences in occupational employment risk.
- Working Paper
Trends in High Incomes and Behavioral Responses to Taxation: Evidence from Executive Compensation and Statistics of Income Data: Working Paper 2006-14
This paper examines income trends from 1992 to 2004 and the responsiveness of different income measures to tax changes for corporate executives and for the very highest income U.S. taxpayers.
- Working Paper
An Empirical Model of Factor Adjustment Dynamics: Working Paper 2006-13
This paper investigates how firms dynamically adjust their use of capital, labor, energy, and materials when there are both smooth and lumpy adjustment possibilities and interrelation among adjustments.
- Working Paper
Quantitative Implications of Indexed Bonds in Small Open Economies: Working Paper 2006-12
Recent studies have proposed setting up a benchmark market for indexed bonds to prevent "Sudden Stops," emerging-market crises initiated by sudden reversals of capital inflows. This paper analyzes the implications of such bonds.
- Working Paper
The Effect of a First Child on Female Labor Supply: Evidence from Women Seeking Fertility Services: Working Paper 2006-11
Estimating the causal effect of a first child on female labor supply is complicated by the endogeneity of the fertility decision.
- Working Paper
Private Savings, Medicaid and Uncertain Nursing Home Expenses: Working Paper 2006-10
This paper, which extends previous research, examines how high but uncertain nursing home expenses interact with Medicaid assistance to affect the savings decisions of working-age households.
- Working Paper
International Burdens of the Corporate Income Tax: Working Paper 2006-09
This study applies a simple two-country, five-sector, general equilibrium model based on Harberger (1995, 2006) to examine the long-run incidence of a corporate income tax in an open economy.
- Working Paper
The Slowdown in Medicare Spending Growth: Working Paper 2006-08
The rate of so-called “excess” growth in Medicare spending per beneficiary has varied widely over the last several decades, and growth has slowed substantially in recent years.
- Working Paper
Implications of Past Currency Crises for the U.S. Current Account Adjustment: Working Paper 2006-07
This paper examines past currency crises to shed light on the likelihood that the adjustment of the U.S. current account deficit will involve a dollar crisis.
- Working Paper
Earnings Inequality and High Earners: Changes During and after the Stock Market Boom of the 1990s: Working Paper 2006-06
This paper uses the Social Security Administration’s Continuous Work History Sample and the March Current Population Survey to analyze trends in earnings inequality during the 1990s and early 2000s.