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Full-Text Articles in Social and Behavioral Sciences
The State's Response To The Crisis Of Neoliberalism: A Comparison Of The Net Social Wage In China And The United States, 1992-2017, Katherine A. Moos, Hao Qi
The State's Response To The Crisis Of Neoliberalism: A Comparison Of The Net Social Wage In China And The United States, 1992-2017, Katherine A. Moos, Hao Qi
PERI Working Papers
We compare the welfare states and taxation regimes of the two largest economies in the world, China and the United States, from 1992 to 2017. We begin with a comparison of each country’s net social wage—that is, the difference between total benefits received by and taxes paid by labor—using two established methods. While the net social wage in the two countries exhibited similar trends, the increasing net social wage has distinctly different implications in the two countries due to their specific historical trajectories in the neoliberal era. In the US, the increasing net social wage reflects an ambivalent and reluctant …
Neoliberal Redistributive Policy: The U.S. Net Social Wage In The 21st Century, Katherine A. Moos
Neoliberal Redistributive Policy: The U.S. Net Social Wage In The 21st Century, Katherine A. Moos
PERI Working Papers
In this paper, I examine the trends of fiscal transfers between the state and workers during 1959 - 2012 to understand the net impact of redistributive policy in the United States. This paper presents original net social wage data from and analysis based on the replication and extension of Shaikh and Tonak (2002). The paper investigates the appearance of a post-2001 variation in the net social wage data. The positive net social wage in the 21st century is the result of a combination of factors including the growth of income support, healthcare inflation, neoliberal tax reforms, and macroeconomic instability. Growing …