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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Migration And The Quality Of American Cities, Chase Mendell
Migration And The Quality Of American Cities, Chase Mendell
CMC Senior Theses
Across the United States, cities are expanding. It is the role of the city leaders to promote policies that benefit both current and incoming residents. While these policies have intended results, the realized benefits and damages are challenging to define because they are the result of individual choices and the unique characteristics of the city. As a result, policymakers need to consider a complex web of factors such as employment, taxation, housing, mobility, and environmental quality. This thesis seeks to analyze these overlapping factors to discuss how policymakers can increase well-being while mitigating potential harms.
Inheritance And Financial Health: The Correlation Between Intergenerational Wealth Transfers And Income Levels Of Personal Bankruptcies, Benjamin D. Kahn
Inheritance And Financial Health: The Correlation Between Intergenerational Wealth Transfers And Income Levels Of Personal Bankruptcies, Benjamin D. Kahn
CMC Senior Theses
This paper describes the correlations between intergenerational wealth transfers, or IWTs, and income of households in bankruptcy as existing research does not address any linkage between the two events. The effect that inheritances, trust payments, and lump sum gifts have on personal finances will impact the millions of Americans who will receive such transfers during the “Great Wealth Transfer” of the coming decades. I use bankruptcy data from the Federal Judicial Center’s Integrated Database, or IDB, and income data from the University of Michigan’s Panel Survey of Income Dynamics, or PSID, to produce a dataset that contains average IWT values …
A Test Of The Theory Of Optimal Taxation For The United States, 1869-1989, Gregory Hess
A Test Of The Theory Of Optimal Taxation For The United States, 1869-1989, Gregory Hess
CMC Faculty Publications and Research
A popular theory of optimal tax policies suggests that tax rates should follow a random walk. This paper extends the existing empirical literature in three ways. First, the impact on the marginal utility of consumption when the government chooses a tax plan to smooth the distorting impact of taxes is considered. Second, exogenous changes in the real rate of interest are incorporated into the government's optimal tax plan. Finally, the tax elasticity of output is not constant over time. Allowing for these changes, there is evidence that the government discounts the future, attempts to smooth the distorting impact of taxes …