Resources
From peer-reviewed research to accessible policy briefs, explore the scholarship that’s shaping debates and driving change.
56 Results
Housing Wealth Accumulation and Electoral Representation (opens in a new tab)
Working Papers AUG 14, 2026
We document that housing wealth accumulation systematically differs among homeowners by their political participation. Using a nationwide voter-property dataset, we find that realized housing appreciation increases monotonically the more a…
By: Carlos F. Avenancio-León, Yutao He (opens in a new tab), Michael Reher (opens in a new tab)
Equity Prices, Market Power, and Optimal Corporate Tax Policy (opens in a new tab)
Working Papers JUL 22, 2025
We study the optimal design of corporate tax policy in a textbook life-cycle model featuring two key deviations: (i) firms are imperfectly competitive and (ii) households save by purchasing equity…
By: Ignacio González (opens in a new tab), Juan A. Montecino (opens in a new tab), Joseph E. Stiglitz
Americans Informed About the Distributional Effects of Republicans’ Budget Bill Overwhelmingly Oppose It (opens in a new tab)
Working Papers JUN 25, 2025
Republicans in the Senate are currently considering the One Big Beautiful Bill Act, which, if enacted, would be the most regressive U.S. tax and budget law in at least the…
By: Jacob S. Hacker, Patrick Sullivan (opens in a new tab)
Financial and Transfer Income as Components of the Regional Economic Base (opens in a new tab)
Working Papers JUN 24, 2025
Economists and geographers have long divided industries into “basic” and “nonbasic” sectors depending on whether they bring money into a region from outside or serve local demand. Traditionally, the regional…
By: Robert Manduca (opens in a new tab)
The Firm as Tax Shelter (opens in a new tab)
Working Papers MAY 22, 2025
I present evidence that firms serve as tax-free consumption vehicles. Drawing on a unique combination of data from an electronic invoicing program in Portugal (e-Fatura), I show that individuals who…
By: David Leite (opens in a new tab)
Request for Proposals: The economic effects of the Inflation Reduction Act (opens in a new tab)
RFPs APR 2, 2025
By: Equitable Growth (opens in a new tab)
The distribution of capital gains in the United States (opens in a new tab)
Working Papers FEB 26, 2025
Booming stock, housing, and private business markets have driven large capital gains in the United States, averaging 20% of national income over the past two decades. Using internal IRS tax…
By: Cole Campbell (opens in a new tab), Jacob A. Robbins, Sam Wylde (opens in a new tab)
The Spiderweb of Partnership Tax Structures (opens in a new tab)
Working Papers FEB 12, 2025
U.S. partnerships control more than $40 trillion in assets, vastly outnumber U.S. public firms, and contribute significantly to the U.S. tax non-compliance of pass-through entities, which is larger than the…
By: Ryan Hess (opens in a new tab), Emily Black (opens in a new tab), Zaynah Javed (opens in a new tab), Jonathan Hennessy (opens in a new tab), Rebecca Lester (opens in a new tab), Jacob Goldin (opens in a new tab), Daniel E. Ho, Annette Portz (opens in a new tab)
Who Gains from Corporate Tax Cuts? (opens in a new tab)
Working Papers NOV 27, 2024
Goods producers increase their capital expenditure and employment in response to a cut in marginal corporate income tax rates or an increase in investment tax credits. In contrast, companies in…
By: James Cloyne (opens in a new tab), Ezgi Kurt (opens in a new tab), Paolo Surico (opens in a new tab)
Crypto Tax Evasion (opens in a new tab)
Working Papers NOV 21, 2024
We quantify the extent of crypto tax noncompliance and evasion, and assess the efficacy of alternative tax enforcement interventions. The context of the study is Norway. This context allows us…
By: Tom G. Meling, Magne Mogstad (opens in a new tab), Arnstein Vestre (opens in a new tab)
Request for Proposals: Promoting competition and supporting workers in an era of AI innovation (opens in a new tab)
RFPs NOV 20, 2024
By: Equitable Growth (opens in a new tab)
Request for proposals: Research grants for early career scholars (opens in a new tab)
RFPs OCT 30, 2024
By: Equitable Growth (opens in a new tab)
Asymmetric Effects of Monetary Policy on Firms (opens in a new tab)
Working Papers SEP 16, 2024
This paper documents firm-level evidence on the asymmetric effects of monetary policy in the US. Focusing on the 1980q3-2019q4 period, I find that monetary tightenings show larger effects on firms’…
By: Ezgi Kurt (opens in a new tab)
Bonus Question: How Does Flexible Incentive Pay Affect Wage Rigidity? (opens in a new tab)
Working Papers JUL 17, 2024
We introduce dynamic incentive contracts into a model of inflation and unemployment dynamics. Our main result is that wage cyclicality from incentives neither affects the slope of the Phillips curve…
By: Meghana Gaur (opens in a new tab), John Grigsby (opens in a new tab), Jonathon Hazell (opens in a new tab), Abdoulaye Ndiaye (opens in a new tab)
Behavioral Responses to Wealth Taxation: Evidence from Colombia (opens in a new tab)
Working Papers MAY 14, 2024
We study behavioral responses to personal wealth taxes in Colombia. We utilize tax microdata from 1993 to 2016 linked with the leaked Panama Papers to investigate offshoring to the country’s…
By: Juliana Londoño-Vélez (opens in a new tab), Javier Avila-Mahecha (opens in a new tab)
Spending Responses to the Child Tax Credit Expansions (opens in a new tab)
Working Papers APR 2, 2024
This article summarizes the literature that studied how people used the 2021 advance Child Tax Credit. Four primary findings emerged. Families more frequently reporting paying down debt during the first…
By: Jonathan Fisher (opens in a new tab), Jake Schild (opens in a new tab), David S. Johnson
Request for Proposals: How effective was the fiscal response to the COVID-19 recession for workers? (opens in a new tab)
RFPs MAR 18, 2024
By: Equitable Growth (opens in a new tab)
Request for proposals: Research grants for early career scholars (opens in a new tab)
RFPs NOV 30, 2023
By: Equitable Growth (opens in a new tab)
The Rise of Pass-Throughs: an Empirical Investigation (opens in a new tab)
Working Papers SEP 26, 2023
Pass-through entities have emerged as the leading U.S. business organization form in recent decades. Using comprehensive confidential administrative data, this paper highlights five core findings: (1) the rise in pass-throughs…
By: Sebastian Dyrda (opens in a new tab), Benjamin Pugsley (opens in a new tab)
The New Economics of Industrial Policy (opens in a new tab)
Working Papers SEP 19, 2023
We discuss the considerable literature that has developed in recent years providing rigorous evidence on how industrial policies work. This literature is a significant improvement over the earlier generation of…
By: Réka Juhász (opens in a new tab), Nathan Lane, Dani Rodrik (opens in a new tab)
The Short-Term Labor Supply Response to the Expanded Child Tax Credit (opens in a new tab)
Working Papers JUL 26, 2023
We estimate the extensive and intensive margin labor supply response to the monthly Child Tax Credit disbursed in 2021 as a part of the American Rescue Plan Act. Using Current…
By: Brandon Enriquez (opens in a new tab), Damon Jones (opens in a new tab), Ernest V. Tedeschi
Wealth and Property Taxation in the United States (opens in a new tab)
Working Papers JUL 5, 2023
We study the history and geography of wealth accumulation in the US, using newly collected historical property tax records since the early 1800s. The US General Property Tax was a…
By: Sacha Dray (opens in a new tab), Camille Landais (opens in a new tab), Stefanie Stantcheva (opens in a new tab)
Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers (opens in a new tab)
Working Papers NOV 17, 2022
We document the redistributive effects of monetary policy on labor market outcomes via the credit channel. For identification, we exploit matched administrative datasets in Portugal – employee-employer and credit registers…
By: Martina Jasova (opens in a new tab), Caterina Mendicino (opens in a new tab), Ettore Panetti (opens in a new tab), José-Luis Peydró (opens in a new tab), Dominik Supera (opens in a new tab)
Marginal Propensity to Consume in Recessions: a Meta-analysis (opens in a new tab)
Working Papers SEP 12, 2022
This paper assembles a dataset of 1244 estimates of marginal propensities to consume (MPC) out of stimulus checks and other small transitory or predictable payments—as reported by 40 studies. I…
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