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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Perceptions Of Income Inequality: An Exploratory Study, Susanna Henighan Potter
Perceptions Of Income Inequality: An Exploratory Study, Susanna Henighan Potter
Honors Papers
Household income is one of the most common variables in economic models. Theory and logic tells us that it will influence a whole range of household choices, from the decision to go to school, to the decisions to change jobs or move. Income is also used in range of political science and sociological models. These models use income and relative economic position to explain political and social behavior. On the face of it income seems to be a straightforward concept, once you have included and excluded all relevant income streams. It also seems reasonable to assume that individual households know …
Determining The Consumption Effects Of Announced Permanent And Temporary Tax Cuts In Accordance With The Permanent Income Hypothesis, Aileen Liu
Honors Papers
For several years, economists have been debating how well Federal tax policy changes have performed in readjusting the economy. Tax change policies have been instituted periodically since World War II up to the very present. The goals sought by the legislators have varied. The tax cut policy in the Kennedy administration was set up to invigorate a recessionary economy. Under the Reagan administration, tax cuts are a tool to increase savings and investment. Part of the reason for the inconsistency in policy aims is due to the lack of consensus on how a tax cut will perform in a given …