Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 4 of 4
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 …
Income Inequality In America: Conclusions From 100 Years Of Income Tax Data And Cross-Country Comparisons, Noriel Campos
Income Inequality In America: Conclusions From 100 Years Of Income Tax Data And Cross-Country Comparisons, Noriel Campos
Master's Theses
In 1913, taxation of income was permanently introduced in the United States. Other similarly developed countries soon followed suit. From there, income inequality in the United States dropped significantly, and the decline in Europe was even more dramatic. First, this paper considers the changes over time of the share of national income gained by the top 1% of income earners in seven countries going back to World War Two. A second analysis considers the impact that tax policy may have had on the share of income accruing to the top 1% of U.S. income earners between 1980 and 2014, a …
The Wealth Tax: Apportionment, Federalism, And Constitutionality, Alex Zhang
The Wealth Tax: Apportionment, Federalism, And Constitutionality, Alex Zhang
Faculty Articles
Proposals of wealth taxation as a mechanism to combat economic inequality and raise revenue for welfare programs have dominated recent political debate. Despite extensive academic commentary, questions surrounding the constitutionality of a wealth tax remain unresolved. Previous scholarly approaches have drawn a dichotomy between two key cases. Supporters of the wealth tax emphasize Hylton's functional rule for identifying direct taxes, which must be apportioned under the Constitution, and reject Pollock, which invalidated the federal income tax on the grounds that it was a direct tax. Opponents of the wealth tax, in contrast, argue that Pollock, rather than …
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 …