diff --git a/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_Intro.ipynb b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_Intro.ipynb new file mode 100644 index 00000000..13cbc2c5 --- /dev/null +++ b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_Intro.ipynb @@ -0,0 +1,25 @@ +{ + "cells": [ + { + "cell_type": "markdown", + "id": "0fc9731e", + "metadata": {}, + "source": [ + "## Benhabib, Bisin, and Luo (2019) — Ballpark Entry\n", + "\n", + "**Paper:** Jess Benhabib, Alberto Bisin, and Mi Luo, \"Wealth Distribution and Social Mobility in the US: A Quantitative Approach,\" *American Economic Review*, 109(5), 1623–1647, 2019. [DOI: 10.1257/aer.20151684](https://doi.org/10.1257/aer.20151684)\n", + "\n", + "**Original ballpark author:** Ashish Kumar (March 2024)\n", + "\n", + "**Updated by:** jzhan476 — 2026-02-17" + ] + } + ], + "metadata": { + "language_info": { + "name": "python" + } + }, + "nbformat": 4, + "nbformat_minor": 5 +} diff --git a/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_Summary.ipynb b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_Summary.ipynb new file mode 100644 index 00000000..53d3586d --- /dev/null +++ b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_Summary.ipynb @@ -0,0 +1,1394 @@ +{ + "cells": [ + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "slide" + } + }, + "source": [ + "# Taxing Women: A Macroeconomic Analysis\n", + "\n", + "Author: Nezih Guner, Remzi Kaygusuz, and Gustavo Ventura ({cite:t}Guner2012-xi) \n", + "Journal of Monetary Economics 59 (2012)\n", + "\n", + "Slides by: Syareza Tobing (Ray) and Jiaxuan Zhang \n", + "February 2021, Updated in February 2026\n", + "" + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "slide" + } + }, + "source": [ + "## I. Summary\n", + "\n", + "* The paper evaluates the implications of taxing women at lower rates than men\n", + "![Comparison of tax policy outcomes for output and female labor participation](P2Figure1.png)\n", + "\n", + "For a detailed discussion of the foundational literature, see the [Prior Literature](TaxingWomen_prior-literature.ipynb) notebook." + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "subslide" + } + }, + "source": [ + "* The model considers households that periodically make labor supply, consumption, and saving decisions\n" + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "fragment" + } + }, + "source": [ + "* Individuals differ in terms of their labor efficiency unit\n" + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "subslide" + } + }, + "source": [ + "![Table of model results under alternative taxation of married women](P2Table1.png)\n", + "\n", + "* A proportional tax rate on married females equal to 4% increases output and labor force participation by 4% and 6.9% respectively" + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "fragment" + } + }, + "source": [ + "* Welfare gains are even higher when the US tax system is replaced by a proportional, gender neutral income tax" + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "slide" + } + }, + "source": [ + "## II. The Model\n", + "\n", + "### A stationary overlapping generations economy with a continuum of males and females" + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "fragment" + } + }, + "source": [ + "* Heterogeneity in gender and marital status (all stationary)\n", + "* Men always work but women enter and exit the workforce\n", + "* Married households and single females differ in the number of (no utility giving but costly) children \n" + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "fragment" + } + }, + "source": [ + "* Start life as workers and work until a certain age before dying at a later age\n", + "* Households periodically make labor supply, consumption, and saving decisions\n", + "* Females who are not working experience losses of labor efficiency units" + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "subslide" + } + }, + "source": [ + "Three Bellman equations:\n", + "\n", + "1. Single Male\n", + "2. Single Female\n", + "3. Married households" + ] + }, + { + "cell_type": "markdown", + "metadata": { + "slideshow": { + "slide_type": "subslide" + } + }, + "source": [ + "### 1. Single Male\n", + "\n", + "$\n", + "V_{m}^{S}(a, z, j)=\\max _{a^{\\prime}, l}\\left\\{U_{m}^{S}(c, l)+\\beta V_{m}^{S}\\left(a^{\\prime}, z, j+1\\right)\\right\\}\n", + "$\n", + "\n", + "subject to\n", + "\n", + "$\n", + "c+a^{\\prime}=\\left\\{\\begin{array}{ll}\n", + "a\\left(1+r\\left(1-\\tau_{k}\\right)\\right)+w \\varpi_{m}(z, j) l\\left(1-\\tau_{p}\\right) & \\text { if } j(This abstract was borrowed from another version of this item.)", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Leamer", + "given": "Edward E." + } + ], + "container-title": "Proceedings - Economic Policy Symposium - Jackson Hole", + "id": "6273435/A2G7SCE7", + "issued": { + "year": 2007 + }, + "language": "en", + "page": "149-233", + "page-first": "149", + "title": "Housing is the business cycle", + "type": "article-journal" + }, + "6273435/AR5CX6Z6": { + "author": [ + { + "family": "Nagel", + "given": "Stefan" + }, + { + "family": "Xu", + "given": "Zhengyang" + } + ], + "id": "undefined", + "issued": { + "year": 2018 + }, + "language": "en", + "page": "56", + "page-first": "56", + "title": "Asset Pricing with Fading Memory", + "type": "article-journal" + }, + "6273435/AV7DSQTR": { + "URL": "https://www.businessinsider.com/how-to-spot-stock-market-bubbles-2017-10", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Chudley", + "given": "Jody" + } + ], + "container-title": "Business Insider", + "id": "6273435/AV7DSQTR", + "title": "JFK's father used a simple trick to spot market bubbles — and you can too", + "type": "webpage" + }, + "6273435/BL42NIKV": { + "author": [ + { + "family": "Finocchiaro", + "given": "Daria" + }, + { + "family": "Jonsson", + "given": "Magnus" + }, + { + "family": "Nilsson", + "given": "Christian" + }, + { + "family": "Strid", + "given": "Ingvar" + } + ], + "container-title": "Sveriges Riksbank Economic Review", + "id": "6273435/BL42NIKV", + "issued": { + "year": 2018 + }, + "title": "Macroeconomic effects of reducing household debt", + "type": "article-journal" + }, + "6273435/BLFT9BEG": { + "author": [ + { + "family": "Mackay", + "given": "Charles" + } + ], + "id": "6273435/BLFT9BEG", + "issued": { + "year": 1841 + }, + "language": "English", + "publisher": "Richard Bentley", + "shortTitle": "Extraordinary Popular Delusions", + "title": "Extraordinary Popular Delusions and the Madness of Crowds", + "title-short": "Extraordinary Popular Delusions", + "type": "book" + }, + "6273435/D7FS5MRE": { + "URL": "http://www.nber.org/papers/w22903", + "abstract": "This paper studies temporary policy incentives designed to address capital overhang by inducing asset demand from buyers in the private market. Using variation across local geographies in ex ante program exposure and a difference-in-differences design, we find that the First-Time Homebuyer Credit induced a cumulative increase in home sales of 397 to 546 thousand, or 7.8 to 10.7 percent, nationally. We find little evidence of a sharp reversal of the policy response; instead, demand comes from several years in the future. The program likely sped the process of reallocating homes from distressed sellers to high value buyers, which stabilized house prices. The response is concentrated in the existing home sales market, implying the stimulative effects of the program were less important than its role in accelerating reallocation.", + "accessed": { + "day": 9, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Berger", + "given": "David" + }, + { + "family": "Turner", + "given": "Nicholas" + }, + { + "family": "Zwick", + "given": "Eric" + } + ], + "genre": "Working Paper", + "id": "6273435/D7FS5MRE", + "issued": { + "month": 12, + "year": 2016 + }, + "note": "DOI: 10.3386/w22903", + "number": "22903", + "publisher": "National Bureau of Economic Research", + "title": "Stimulating Housing Markets", + "type": "report" + }, + "6273435/DCC92Q2Z": { + "URL": "http://www.economist.com/special-report/2003/05/29/house-of-cards", + "abstract": "In many countries the stockmarket bubble has been replaced by a property-price bubble. Sooner or later it will burst, says Pam Woodall, our economics editor", + "accessed": { + "day": 6, + "month": 9, + "year": 2018 + }, + "container-title": "The Economist", + "id": "6273435/DCC92Q2Z", + "issued": { + "day": 29, + "month": 5, + "year": 2003 + }, + "title": "House of cards", + "type": "article-magazine" + }, + "6273435/EB4C5G4S": { + "author": [ + { + "family": "Kindleberger", + "given": "Charles P." + } + ], + "id": "6273435/EB4C5G4S", + "issued": { + "year": 1978 + }, + "language": "en", + "publisher": "Palgrave Macmillan", + "title": "Manias, Panics, and Crashes: A History of Financial Crises", + "type": "book" + }, + "6273435/EGT99GAZ": { + "author": [ + { + "family": "Walentin", + "given": "Karl" + }, + { + "family": "Hull", + "given": "Isaiah" + }, + { + "family": "Olovsson", + "given": "Conny" + } + ], + "genre": "Sveriges Riksbank Working Paper Series", + "id": "6273435/EGT99GAZ", + "issued": { + "year": 2018 + }, + "number": "349", + "title": "The Granular Origins of Aggregate House Price Volatility", + "type": "report" + }, + "6273435/EJUQGA4W": { + "author": [ + { + "family": "Albanesi", + "given": "Stefania" + } + ], + "id": "6273435/EJUQGA4W", + "issued": { + "year": 2018 + }, + "title": "Real Estate Investors and the 2007-2009 Mortgage Crisis", + "type": "report" + }, + "6273435/EXL57QX8": { + "author": [ + { + "family": "Khan", + "given": "Shujaat" + } + ], + "id": "6273435/EXL57QX8", + "issued": { + "year": 2018 + }, + "title": "The Anatomy of Macroprudential Policies in a Heterogeneous Agent Model of Housing Default", + "type": "report" + }, + "6273435/HAEFCS8B": { + "DOI": "10.1257/aer.91.2.1", + "URL": "https://www.aeaweb.org/articles?id=10.1257/aer.91.2.1", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Hall", + "given": "Robert E." + } + ], + "container-title": "American Economic Review", + "id": "6273435/HAEFCS8B", + "issue": "2", + "issued": { + "month": 5, + "year": 2001 + }, + "language": "en", + "page": "1-11", + "page-first": "1", + "title": "Struggling to Understand the Stock Market", + "type": "article-journal", + "volume": "91" + }, + "6273435/HRF5MEAR": { + "DOI": "10.1086/680584", + "URL": "https://www.journals.uchicago.edu/doi/10.1086/680584", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Hall", + "given": "Robert E." + } + ], + "container-title": "NBER Macroeconomics Annual", + "container-title-short": "NBER Macroeconomics Annual", + "id": "6273435/HRF5MEAR", + "issue": "1", + "issued": { + "day": 1, + "month": 1, + "year": 2015 + }, + "journalAbbreviation": "NBER Macroeconomics Annual", + "page": "71-128", + "page-first": "71", + "title": "Quantifying the Lasting Harm to the US Economy from the Financial Crisis", + "type": "article-journal", + "volume": "29" + }, + "6273435/HZE378I7": { + "URL": "https://www.brookings.edu/wp-content/uploads/2003/06/2003b_bpea_caseshiller.pdf", + "abstract": "This paper looks for evidence of a bubble in U.S. housing prices. It analyzes quarterly state-level data over 1985-2002, focusing on the relationship between home prices and selected fundamental variables. Income per capita alone largely explains price changes in all but eight states; in the latter, large price movements are observed unrelated to the fundamentals. Results from a new survey of recent homebuyers in the Los Angeles, San Francisco, Boston, and Milwaukee metropolitan areas are reported. This survey replicates an almost identical 1988 survey and finds, as before, that buyers in most of these markets perceive little risk in their housing investment, have unrealistic expectations about future price increases, and hold economically implausible beliefs about home price behavior—findings consistent with a bubble. Prices in such markets could stall or decline, but only if such declines are simultaneous or spread to other markets are significant effects on the national economy likely.", + "author": [ + { + "family": "Case", + "given": "Karl E." + }, + { + "family": "Shiller", + "given": "Robert J." + } + ], + "collection-title": "Brookings Papers on Economic Activity", + "id": "6273435/HZE378I7", + "issued": { + "year": 2003 + }, + "publisher": "Brookings Institute", + "title": "Is There a Bubble in the Housing Market?", + "type": "report" + }, + "6273435/JMNWJTKW": { + "DOI": "10.1016/j.iref.2015.02.002", + "URL": "http://www.sciencedirect.com/science/article/pii/S1059056015000246", + "abstract": "There has been, in recent years, a renewed interest in and a growing recognition of the role played by uncertainty shocks in driving fluctuations in the economy and in asset markets. We create new text-based indicators of both general economic and policy specific uncertainty from New York Times and use them first, to chart changes in the level of uncertainty in the US for the period 1985–2007, second, to determine the role of policy in these swings, and, third to assess their impact on the economy, equity markets, and business cycles. Overall, our results indicate that uncertainty shocks – both general and policy related – depress the level of economic activity, significantly increase stock market volatility, and decrease market returns.", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Alexopoulos", + "given": "Michelle" + }, + { + "family": "Cohen", + "given": "Jon" + } + ], + "container-title": "International Review of Economics & Finance", + "container-title-short": "International Review of Economics & Finance", + "id": "6273435/JMNWJTKW", + "issued": { + "day": 1, + "month": 11, + "year": 2015 + }, + "journalAbbreviation": "International Review of Economics & Finance", + "page": "8-28", + "page-first": "8", + "shortTitle": "The power of print", + "title": "The power of print: Uncertainty shocks, markets, and the economy", + "title-short": "The power of print", + "type": "article-journal", + "volume": "40" + }, + "6273435/JYAC2RG2": { + "URL": "https://ideas.repec.org/a/fip/fedker/y2007iqivp115-145nv.92no.4.html", + "abstract": "Residential foreclosures in the United States have been rising very rapidly since 2006. In the second quarter of 2007, the share of outstanding mortgages in some stage of foreclosure stood at 1.4 percent, near historic highs and up from less than 1 percent a year earlier. The number of mortgages entering the foreclosure process reached an all-time high in mid-2007, suggesting that the foreclosure surge is likely to get worse before it gets better. ; The foreclosure surge was created by a perfect storm of events. First, in recent years the share of subprime mortgage originations increased substantially. Second, foreclosure rates for adjustable-rate mortgages (ARMs) have increased considerably, especially for subprime ARMs. This increase is largely due to rising short-term interest rates and to payment resets for many nontraditional mortgages. Finally, high loan-to-value originations in recent years, coupled with stagnant or falling home prices, have left many people with insufficient equity to sell or refinance their homes. ; Edmiston and Zalneraitis provide a detailed dissection of the current foreclosure surge. They conclude with a discussion of why the foreclosure situation is likely to get worse over the next one to two years and why it is likely to improve afterward.", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Edmiston", + "given": "Kelly D." + }, + { + "family": "Zalneraitis", + "given": "Roger" + } + ], + "container-title": "Economic Review", + "id": "6273435/JYAC2RG2", + "issue": "Q IV", + "issued": { + "year": 2007 + }, + "language": "en", + "page": "115-145", + "page-first": "115", + "shortTitle": "Rising foreclosures in the United States", + "title": "Rising foreclosures in the United States: a perfect storm", + "title-short": "Rising foreclosures in the United States", + "type": "article-journal" + }, + "6273435/LGD94T7L": { + "URL": "https://www.federalreserve.gov/boarddocs/speeches/2004/20040521/default.htm", + "author": [ + { + "family": "Gramlich", + "given": "Edward M." + } + ], + "id": "6273435/LGD94T7L", + "issued": { + "year": 2004 + }, + "note": "Remarks by Governor Edward M. Gramlich at the Financial Services Roundtable Annual Housing Policy Meeting, Chicago, Illinois.", + "title": "Subprime Mortgage Lending: Benefits, Costs, and Challenges", + "type": "webpage" + }, + "6273435/MRW6WNVP": { + "author": [ + { + "family": "Blinder", + "given": "Alan S." + } + ], + "id": "6273435/MRW6WNVP", + "issued": { + "year": 2013 + }, + "publisher": "Penguin Press", + "title": "After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead", + "type": "book" + }, + "6273435/N2QBSRRP": { + "URL": "https://faculty.missouri.edu/~hedlunda/research/housing_boombust_main.pdf", + "author": [ + { + "family": "Garriga", + "given": "Carlos" + }, + { + "family": "Hedlund", + "given": "Aaron" + } + ], + "id": "6273435/N2QBSRRP", + "issued": { + "year": 2018 + }, + "title": "Housing Finance, Boom-Bust Episodes, and\nMacroeconomic Fragility", + "type": "report" + }, + "6273435/PUJGD86E": { + "URL": "http://www.nber.org/chapters/c13907", + "accessed": { + "day": 9, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Manski", + "given": "Charles F." + } + ], + "container-title": "NBER Macroeconomics Annual 2017, volume 32", + "id": "6273435/PUJGD86E", + "issued": { + "day": 10, + "month": 4, + "year": 2017 + }, + "page": "411-471", + "page-first": "411", + "shortTitle": "Survey Measurement of Probabilistic Macroeconomic Expectations", + "title": "Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise", + "title-short": "Survey Measurement of Probabilistic Macroeconomic Expectations", + "type": "article-journal" + }, + "6273435/Q7UH3SHN": { + "DOI": "10.1257/089533005775196769", + "URL": "https://www.aeaweb.org/articles?id=10.1257/089533005775196769", + "abstract": "How does one tell when rapid growth in house prices is caused by fundamental factors of supply and demand and when it is an unsustainable bubble? In this paper, we explain how to assess the state of house prices—both whether there is a bubble and what underlying factors support housing demand—in a way that is grounded in economic theory. In doing so, we correct four common fallacies about the costliness of the housing market. For a number of reasons, conventional metrics for assessing pricing in the housing market such as price-to-rent ratios or price-to-income ratios generally fail to reflect accurately the state of housing costs. To the eyes of analysts employing such measures, housing markets can appear \"exuberant\" even when houses are in fact reasonably priced. We construct a measure for evaluating the cost of home owning that is standard for economists—the imputed annual rental cost of owning a home, a variant of the user cost of housing—and apply it to 25 years of history across a wide variety of housing markets. This calculation enables us to estimate the time pattern of housing costs within a market. As of the end of 2004, our analysis reveals little evidence of a housing bubble.", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Himmelberg", + "given": "Charles" + }, + { + "family": "Mayer", + "given": "Christopher" + }, + { + "family": "Sinai", + "given": "Todd" + } + ], + "container-title": "Journal of Economic Perspectives", + "id": "6273435/Q7UH3SHN", + "issue": "4", + "issued": { + "month": 12, + "year": 2005 + }, + "language": "en", + "page": "67-92", + "page-first": "67", + "shortTitle": "Assessing High House Prices", + "title": "Assessing High House Prices: Bubbles, Fundamentals and Misperceptions", + "title-short": "Assessing High House Prices", + "type": "article-journal", + "volume": "19" + }, + "6273435/TJ86B67S": { + "author": [ + { + "family": "Mian", + "given": "Atif" + }, + { + "family": "Sufi", + "given": "Amir" + } + ], + "container-title": "Journal of Economic Perspectives", + "id": "6273435/TJ86B67S", + "issue": "3", + "issued": { + "year": 2018 + }, + "page": "1-30", + "page-first": "1", + "title": "Finance and Business Cycles: The Credit-Driven Household Demand Channel", + "type": "article-journal", + "volume": "32" + }, + "6273435/UWMQ3ND7": { + "URL": "http://www.nber.org/papers/w23281", + "abstract": "This paper extends the benchmark New-Keynesian model with a representative agent and rational expectations by introducing two key frictions: (1) agent heterogeneity with incomplete markets, uninsurable idiosyncratic risk, and occasionally-binding borrowing constraints; and (2) bounded rationality in the form of level-k thinking. Compared to the benchmark model, we show that the interaction of these two frictions leads to a powerful mitigation of the effects of monetary policy, which is much more pronounced at long horizons, and offers a potential rationalization of the “forward guidance puzzle”. Each of these frictions, in isolation, would lead to no or much smaller departures from the benchmark model. We conclude that the interaction of bounded rationality and market frictions improves the ability of the model to account for the effects of monetary policy.", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Farhi", + "given": "Emmanuel" + }, + { + "family": "Werning", + "given": "Iván" + } + ], + "genre": "Working Paper", + "id": "6273435/UWMQ3ND7", + "issued": { + "month": 3, + "year": 2017 + }, + "note": "DOI: 10.3386/w23281", + "number": "23281", + "publisher": "National Bureau of Economic Research", + "title": "Monetary Policy, Bounded Rationality, and Incomplete Markets", + "type": "report" + }, + "6273435/V8M7KIK5": { + "URL": "https://www.brookings.edu/wp-content/uploads/2016/03/ByrneEtAl_ProductivityMeasurement_ConferenceDraft.pdf", + "author": [ + { + "family": "Byrne", + "given": "David M." + }, + { + "family": "Fernald", + "given": "John G." + }, + { + "family": "Reinsdorf", + "given": "Marshall B." + } + ], + "genre": "Brookings Papers on Economic Activity", + "id": "6273435/V8M7KIK5", + "issued": { + "year": 2016 + }, + "publisher": "Brookings Institute", + "title": "Does the United States have a productivity slowdown or a measurement problem?", + "type": "report" + }, + "6273435/VDK9EZWA": { + "URL": "https://ideas.repec.org/p/fip/fedgsq/77.html", + "abstract": "a speech at the Sandridge Lecture, Virginia Association of Economics, Richmond, Virginia, March 10, 2005 and the Homer Jones Lecture, St. Louis, Missouri, on April 14, 2005", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Bernanke", + "given": "Ben S." + } + ], + "collection-title": "Speech", + "id": "6273435/VDK9EZWA", + "issued": { + "year": 2005 + }, + "language": "en", + "number": "77", + "publisher": "Board of Governors of the Federal Reserve System (U.S.)", + "title": "The global saving glut and the U.S. current account deficit", + "type": "report" + }, + "6273435/WTWTWFWP": { + "DOI": "10.1257/aer.20110683", + "URL": "https://www.aeaweb.org/articles?id=10.1257/aer.20110683", + "abstract": "The paper studies how high household leverage and crises can be caused by changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of low- and middle-income households, and an eventual financial and real crisis. The paper presents a theoretical model where higher leverage and crises are the endogenous result of a growing income share of high-income households. The model matches the profiles of the income distribution, the debt-to-income ratio and crisis risk for the three decades preceding the Great Recession. (JEL D14, D31, D33, E32, E44, G01, N22)", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Kumhof", + "given": "Michael" + }, + { + "family": "Rancière", + "given": "Romain" + }, + { + "family": "Winant", + "given": "Pablo" + } + ], + "container-title": "American Economic Review", + "id": "6273435/WTWTWFWP", + "issue": "3", + "issued": { + "month": 3, + "year": 2015 + }, + "language": "en", + "page": "1217-1245", + "page-first": "1217", + "title": "Inequality, Leverage, and Crises", + "type": "article-journal", + "volume": "105" + }, + "6273435/YS4K82GI": { + "URL": "https://ideas.repec.org/p/red/sed018/1017.html", + "abstract": "I quantify the extent to which deterioration of bank balance sheets explains the large contraction in housing prices and consumption experienced by the U.S. during the last recession. I introduce a Banking Sector with balance sheet frictions into a model of long-term collateralized debt with risk of default. Credit supply is endogenously determined and depends on the capitalization of the entire banking sector. Mortgage spreads and endogenous down payments increase in periods when banks are poorly capitalized. I simulate an increase in the stock of housing and a negative income shock to match the decline in house prices between 2006-2009. The model generates changes in consumption, foreclosures and refinance rates similar to those observed in the U.S. between 2006 and 2009. Changes in financial intermediaries’ cost of funding explain, respectively, 38, 22 and 29 percent of the changes in housing prices, foreclosures and consumption generated by the model. These results show that the endogenous response of banks’ credit supply can partially explain how changes in housing prices affect consumption decisions. I use this framework to analyze the impact of debt forgiveness and banks’ recapitalization to mitigate the drop in housing prices and consumption. I also present empirical evidence that balance sheet mechanism implied by the model was operational during this period. In other words, I show that during the great recession, changes in the real estate prices impacted the balance sheet of the banks that reacted by contracting their mortgage credit supply.", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Paixao", + "given": "Nuno" + } + ], + "collection-title": "2018 Meeting Papers", + "id": "6273435/YS4K82GI", + "issued": { + "year": 2018 + }, + "language": "en", + "number": "1017", + "publisher": "Society for Economic Dynamics", + "shortTitle": "Housing Prices and Consumer Spending", + "title": "Housing Prices and Consumer Spending: The Bank Balance Sheet Channel", + "title-short": "Housing Prices and Consumer Spending", + "type": "report" + }, + "6273435/ZNBZENA9": { + "URL": "http://www.nber.org/papers/w23863", + "abstract": "We revisit La Porta’s (1996) finding that returns on stocks with the most optimistic analyst long term earnings growth forecasts are substantially lower than those for stocks with the most pessimistic forecasts. We document that this finding still holds, and present several further facts about the joint dynamics of fundamentals, expectations, and returns for these portfolios. We explain these facts using a new model of belief formation based on a portable formalization of the representativeness heuristic. In this model, analysts forecast future fundamentals from the history of earnings growth, but they over-react to news by exaggerating the probability of states that have become objectively more likely. Intuitively, fast earnings growth predicts future Googles but not as many as analysts believe. We test predictions that distinguish this mechanism from both Bayesian learning and adaptive expectations, and find supportive evidence. A calibration of the model offers a satisfactory account of the key patterns in fundamentals, expectations, and returns.", + "accessed": { + "day": 5, + "month": 9, + "year": 2018 + }, + "author": [ + { + "family": "Bordalo", + "given": "Pedro" + }, + { + "family": "Gennaioli", + "given": "Nicola" + }, + { + "family": "Porta", + "given": "Rafael La" + }, + { + "family": "Shleifer", + "given": "Andrei" + } + ], + "genre": "Working Paper", + "id": "6273435/ZNBZENA9", + "issued": { + "month": 9, + "year": 2017 + }, + "note": "DOI: 10.3386/w23863", + "number": "23863", + "publisher": "National Bureau of Economic Research", + "title": "Diagnostic Expectations and Stock Returns", + "type": "report" + }, + "undefined": { + "author": [ + { + "family": "Nagel", + "given": "Stefan" + }, + { + "family": "Xu", + "given": "Zhengyang" + } + ], + "id": "undefined", + "issued": { + "year": 2018 + }, + "language": "en", + "page": "56", + "page-first": "56", + "title": "Asset Pricing with Fading Memory", + "type": "article-journal" + } + } + }, + "kernelspec": { + "display_name": "Python 3", + "language": "python", + "name": "python3" + }, + "language_info": { + "codemirror_mode": { + "name": "ipython", + "version": 3 + }, + "file_extension": ".py", + "mimetype": "text/x-python", + "name": "python", + "nbconvert_exporter": "python", + "pygments_lexer": "ipython3", + "version": "3.8.5" + } + }, + "nbformat": 4, + "nbformat_minor": 2 +} \ No newline at end of file diff --git a/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_prior-literature.ipynb b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_prior-literature.ipynb new file mode 100644 index 00000000..9883ae81 --- /dev/null +++ b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_prior-literature.ipynb @@ -0,0 +1,43 @@ +{ + "cells": [ + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "# Prior Literature\n", + "\n", + "## Overview\n", + "\n", + "{cite:t}Guner2012-xi builds on a broad literature on optimal taxation, household behavior, and female labor supply. The normative foundation starts with {cite:t}Mirrlees1971-pd, which formalized the trade-off between redistribution and labor-supply distortions under nonlinear income taxation. Applied to families, work on joint filing and family tax design ({cite:t}Rosen1977-pe; {cite:t}Boskin1983-wd; {cite:t}McCaffery2007-rq; {cite:t}Kesselman2008-kv) established a central efficiency insight: because secondary earners are typically more labor-supply elastic, efficient systems often imply lower marginal tax rates on secondary earners than on primary earners. Related household models ({cite:t}Apps1988-un; {cite:t}Apps2007-bv) further clarified that tax design interacts with intra-household allocation and participation decisions.\n", + "\n", + "A second pillar is the empirical and quantitative literature on female labor supply. Surveys and evidence ({cite:t}Blundell1998-wd; {cite:t}Keane2010-vg; {cite:t}Heim2007-ns; {cite:t}Blau2007-uk) documented the importance of extensive-margin responses and changing elasticities over time. Quantitative macro and life-cycle contributions ({cite:t}Cho1988-fl; {cite:t}Attanasio2008-cn) provided tractable frameworks to embed these participation responses in general equilibrium. Together, these literatures motivate the paper's macroeconomic analysis of gender-differentiated taxation.\n", + "\n", + "## Key Foundational Papers and Their Contributions\n", + "\n", + "{cite:t}Mirrlees1971-pd — Established the canonical optimal-income-tax framework, defining the benchmark redistribution-efficiency trade-off that underlies all subsequent family-taxation analysis.\n", + "\n", + "{cite:t}Boskin1983-wd — Showed that equal marginal taxation of spouses is generally not optimal; with higher secondary-earner elasticities, efficient tax schedules imply lower marginal rates for secondary earners.\n", + "\n", + "{cite:t}Apps1988-un — Demonstrated that household taxation cannot be fully understood under a unitary-household abstraction, highlighting how tax policy affects intra-household allocation and welfare.\n", + "\n", + "{cite:t}Attanasio2008-cn — Provided life-cycle quantitative evidence on female labor supply, showing the roles of child-related costs and the gender wage gap in shaping participation dynamics.\n", + "\n", + "{cite:t}Guner2012-ty — Delivered a heterogeneous-household, life-cycle general-equilibrium model with an operative extensive margin, enabling realistic evaluation of tax reforms on married female labor supply.\n", + "\n", + "## The Gap This Paper Addresses\n", + "\n", + "Prior work typically isolated only part of the mechanism behind gendered labor-supply responses to taxation: normative tax design for couples ({cite:t}Boskin1983-wd), intra-household allocation ({cite:t}Apps1988-un), or empirical female labor-supply elasticity patterns ({cite:t}Heim2007-ns; {cite:t}Blau2007-uk). What was missing was a unified quantitative framework that jointly incorporated household heterogeneity, marital sorting, children, and extensive-margin labor decisions in a policy-evaluation environment.\n", + "\n", + "{cite:t}Guner2012-xi fills this gap by embedding these channels in a calibrated life-cycle general-equilibrium model. This structure allows the paper to evaluate gender-differentiated and separate-filing tax reforms in terms of participation, aggregate labor supply, output, and welfare, while identifying that married female labor-supply responses are central to aggregate reform effects." + ], + "id": "ad50392b" + } + ], + "metadata": { + "language_info": { + "name": "python" + } + }, + "nbformat": 4, + "nbformat_minor": 5 +} \ No newline at end of file diff --git a/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_subsequent-literature.ipynb b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_subsequent-literature.ipynb new file mode 100644 index 00000000..6d68644d --- /dev/null +++ b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/TaxingWomen_subsequent-literature.ipynb @@ -0,0 +1,53 @@ +{ + "cells": [ + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "# Subsequent Literature\n", + "\n", + "## Research Directions Since Guner, Kaygusuz, and Ventura (2012)\n", + "\n", + "Since the publication of {cite:t}Guner2012-xi, the literature on taxation and household labor supply has expanded in several directions. A major theme has been cross-country measurement and modeling of couple-level tax wedges and secondary-earner responses. {cite:t}taxation_bick_2018 provides a comparative macro framework across countries, while {cite:t}longterm_bick_2018 documents long-run changes in married couples' labor supply and taxes since the 1980s.\n", + "\n", + "A second strand has focused on embedding family taxation inside richer policy environments. Rather than analyzing filing status in isolation, newer work studies bundled reforms that include social insurance, child-related transfers, and labor-supply incentives. Examples include {cite:t}social_kaygusuz_2015, {cite:t}joint_nishiyama_2019, and {cite:t}childrelated_guner_2020. Related quantitative life-cycle and OLG exercises, such as {cite:t}large_bucciol_2017 and {cite:t}old_braun_2016, broaden the distributional and welfare applications.\n", + "\n", + "A third direction links gender gaps, time allocation, and macro outcomes. {cite:t}allocation_duernecker_2018 emphasizes household time-use and production margins; {cite:t}evolution_olivetti_2016 and {cite:t}12_ponthieux_2015 synthesize cross-country evidence on gender inequality; and methodological contributions like {cite:t}road_karabarbounis_2016 and {cite:t}optimal_gorry_2012 clarify how to design and evaluate efficient dynamic tax systems with heterogeneous agents.\n", + "\n", + "## Key Subsequent Papers\n", + "\n", + "{cite:t}taxation_bick_2018 — Establishes the cross-country quantitative benchmark for how tax-and-transfer systems shape married couples' labor supply, especially along the secondary-earner margin.\n", + "\n", + "{cite:t}childrelated_guner_2020 — Shows that child-related transfers, taxes, and labor-supply responses must be analyzed jointly, shifting the policy frontier from single-instrument reforms to integrated family-policy design.\n", + "\n", + "{cite:t}social_kaygusuz_2015 — Demonstrates how Social Security rules interact with two-earner household decisions, highlighting life-cycle channels that affect labor supply and welfare.\n", + "\n", + "{cite:t}joint_nishiyama_2019 — Quantifies joint labor-supply responses to pension-system incentives, reinforcing the importance of modeling couples' coordinated decisions.\n", + "\n", + "{cite:t}road_karabarbounis_2016 — Provides a unifying framework for efficient taxation in heterogeneous-agent macro models, helping connect family-tax applications to broader dynamic public-finance design.\n", + "\n", + "## Open Questions and Gaps\n", + "\n", + "Despite substantial progress, several questions remain open.\n", + "\n", + "Intra-household decision structure. Much of the quantitative literature still relies on simplified household decision rules, even though bargaining power, home production, and childcare frictions are central for identifying gender-specific elasticities and optimal wedges.\n", + "\n", + "Measurement and identification. Translating statutory tax schedules into effective couple-level marginal tax rates remains difficult, and reform-based identification of extensive-margin responses is often limited by data comparability across countries and over time.\n", + "\n", + "Institutional harmonization in comparative work. Cross-country studies increasingly require harmonized treatment of childcare systems, pension rules, and transfer eligibility to distinguish genuine policy effects from differences in social norms or labor-market structure.\n", + "\n", + "Unified policy design. A key open issue is how to jointly design income taxation, child-related transfers, and old-age programs when participation, fertility, and household time allocation interact dynamically.\n", + "\n", + "Overall, subsequent research confirms the core insight in {cite:t}Guner2012-xi: secondary-earner behavior is macro-relevant. The frontier now is to integrate richer household mechanisms with cleaner empirical identification so policy counterfactuals are both structurally coherent and data-disciplined." + ], + "id": "02c8f7d6" + } + ], + "metadata": { + "language_info": { + "name": "python" + } + }, + "nbformat": 4, + "nbformat_minor": 5 +} \ No newline at end of file diff --git a/models/We-Would-Like-In-Econ-ARK/TaxingWomen/myst.yml b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/myst.yml new file mode 100644 index 00000000..9d5656df --- /dev/null +++ b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/myst.yml @@ -0,0 +1,16 @@ +version: 1 + +project: + title: "Taxing Women: A Macroeconomic Analysis — Ballpark Entry" + bibliography: + - self.bib + - references.bib + - subsequent-literature.bib + toc: + - file: TaxingWomen_Intro.ipynb + - file: TaxingWomen_prior-literature.ipynb + - file: TaxingWomen_Summary.ipynb + - file: TaxingWomen_subsequent-literature.ipynb + +site: + title: "Taxing Women: A Macroeconomic Analysis — Ballpark Entry" diff --git a/models/We-Would-Like-In-Econ-ARK/TaxingWomen/references.bib b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/references.bib new file mode 100644 index 00000000..0fa64e47 --- /dev/null +++ b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/references.bib @@ -0,0 +1,284 @@ +@ARTICLE{UnknownUnknown-mg, + title = "Income taxation of {US} Households: basic facts" +} + +@TECHREPORT{Blundell1998-wd, + title = "Labour supply: a review of alternative approaches", + author = "Blundell, Richard and MaCurdy, Thomas", + publisher = "Institute for Fiscal Studies", + series = "Working Paper Series", + month = oct, + year = 1998 +} + +@ARTICLE{Apps1988-un, + title = "Taxation and the household", + author = "Apps, Patricia F and Rees, Ray", + journal = "J. Public Econ.", + publisher = "Elsevier BV", + volume = 35, + number = 3, + pages = "355--369", + abstract = "Previous analyses of demand systems and the welfare effects of + taxing male and female labour supplies suppress the analysis of + household resource allocation by assuming a household utility + function. To analyse the implications of assuming this is not the + case, we construct a simple but fairly general model of household + resource allocation and use the properties of the equilibrium of + this model to characterise the effects of tax policy on + individual utilities, as determined by the household resource + allocation process.", + month = apr, + year = 1988, + language = "en" +} + +@ARTICLE{Apps2007-bv, + title = "The taxation of couples", + author = "Apps, P and Rees, R", + publisher = "econstor.eu", + year = 2007 +} + +@ARTICLE{Bick2018-qt, + title = "Taxation and labour supply of married couples across countries: A + macroeconomic analysis", + author = "Bick, Alexander and Fuchs-Schündeln, Nicola", + journal = "Rev. Econ. Stud.", + publisher = "Oxford University Press (OUP)", + volume = 85, + number = 3, + pages = "1543--1576", + month = jul, + year = 2018, + language = "en" +} + +@ARTICLE{Blau2007-uk, + title = "Changes in the labor supply behavior of married women: + {1980–2000}", + author = "Blau, Francine D and Kahn, Lawrence M", + journal = "J. Labor Econ.", + publisher = "University of Chicago Press", + volume = 25, + number = 3, + pages = "393--438", + month = jul, + year = 2007 +} + +@ARTICLE{Boskin1983-wd, + title = "Optimal tax treatment of the family: Married couples", + author = "Boskin, Michael J and Sheshinski, Eytan", + journal = "J. Public Econ.", + publisher = "Elsevier BV", + volume = 20, + number = 3, + pages = "281--297", + abstract = "This paper examines the appropriate tax treatment of the family + in a series of analytical models and numerical examples. For a + population of taxpaying couples which differ in earning capacity, + we drive the optimal tax rates for each potential earner. These + rates depend crucially upon own and cross labor supply + elasticities and the joint distribution of wage rates. Our + results suggest that the current system of income splitting in + the United States, under which husbands and wives face equal + marginal tax rates, is nonoptimal. Using results from recent + econometric studies, and allowing for a sensitivity analysis, the + optimal tax rates on secondary workers in the family are much + lower than those on primary earners. Indeed, our best estimate is + that the secondary earner would face tax rates only one-half as + high as primary earners.", + month = apr, + year = 1983, + language = "en" +} + +@ARTICLE{Cho1988-fl, + title = "Family labor supply and aggregate fluctuations", + author = "Cho, Jang-Ok and Rogerson, Richard", + journal = "J. Monet. Econ.", + publisher = "Elsevier BV", + volume = 21, + number = "2-3", + pages = "233--245", + abstract = "This paper considers an economy which is populated by a continuum + of identical families consisting of two members. The two members + have different productivities and the family faces a fixed + utility cost if both members supply labor simultaneously. + Although both family members have the same preferences, they + display very different elasticities of labor supply. A real + business cycle model is calibrated and it is seen that this + cross-sectional heterogeneity results in interesting forms of + aggregation bias.", + month = mar, + year = 1988, + language = "en" +} + +@ARTICLE{Guner2012-ty, + title = "Taxation and Household Labour Supply", + author = "Guner, N and Kaygusuz, R and Ventura, G", + journal = "Rev. Econ. Stud.", + publisher = "Oxford University Press (OUP)", + volume = 79, + number = 3, + pages = "1113--1149", + abstract = "We evaluate reforms to the U.S. tax system in a life cycle set-up + with heterogeneous married and single households and with an + operative extensive margin in labour supply. We restrict our + model with observations on gender and skill premia, labour-force + participation of married females across skill groups, children, + and the structure of marital sorting. We concentrate on two + revenue-neutral tax reforms: a proportional income tax and a + reform in which married individuals file taxes separately + (separate filing). Our findings indicate that tax reforms are + accompanied by large increases in labour supply that differ + across demographic groups, with the bulk of the increase coming + from married females. Under a proportional income tax reform, + married females account for more than 50\% of the changes in + hours across steady states, while under separate filing reform, + married females account for all the change in hours. Copyright , + Oxford University Press.", + month = jul, + year = 2012 +} + +@ARTICLE{Heim2007-ns, + title = "The incredible shrinking elasticities: Married female labor + supply, 1978-2002", + author = "Heim, Bradley T", + journal = "J. Hum. Resour.", + publisher = "[University of Wisconsin Press, Board of Regents of the + University of Wisconsin System]", + volume = 42, + number = 4, + pages = "881--918", + year = 2007 +} + +@ARTICLE{Keane2010-vg, + title = "[引用] Taxes and female labor supply: a survey", + author = "Keane, M P", + journal = "University of Technol\& ogy Sydney Working Paper", + year = 2010 +} + +@ARTICLE{Kesselman2008-kv, + title = "Income Splitting and Joint Taxation of Couples: What's Fair?", + author = "Kesselman, J R", + publisher = "Montreal: Institute for Research on Public Policy", + year = 2008 +} + +@ARTICLE{UnknownUnknown-zt, + title = "The optimal income taxation of couples", + abstract = "This paper analyzes the general nonlinear optimal income tax for + couples, a multidimensional screening problem. Each couple + consists of a primary earner who always participates in the labor + market, but makes an hours-of-work choice, and a secondary earner + who chooses whether or not to work. If second-earner participation + is a signal of the couple being better (worse) off, we prove that + optimal tax schemes display a positive tax (subsidy) on secondary + earnings and that the tax (subsidy) on secondary earnings + decreases with primary earnings and converges to zero + asymptotically. We present calibrated microsimulations for the + United Kingdom showing that decreasing tax rates on secondary + earnings is quantitatively significant and consistent with actual + income tax and transfer programs." +} + +@ARTICLE{McCaffery2007-rq, + title = "Taxing women", + author = "McCaffery, E J", + publisher = "University of Chicago Press", + year = 2007 +} + +@ARTICLE{Rosen1977-pe, + title = "Is it time to abandon joint filing?", + author = "Rosen, Harvey S", + journal = "Natl. Tax J.", + publisher = "University of Chicago Press", + volume = 30, + number = 4, + pages = "423--428", + month = dec, + year = 1977, + language = "en" +} + +@ARTICLE{Mirrlees1971-pd, + title = "An exploration in the theory of optimum income taxation", + author = "Mirrlees, J A", + journal = "Rev. Econ. Stud.", + publisher = "Oxford University Press (OUP)", + volume = 38, + number = 2, + pages = 175, + abstract = "A bipolar transistor (10) in an IC includes a semiconductor wafer + defining a collector area (14) with a first conductivity type, a + base area (20) with a second conductivity type formed in the + collector area (14), and an emitter formed in the base area. A + field oxide is positioned on the surface of the semiconductor + wafer surrounding the emitter (30) and substantially covering the + base area (20) and an implant of the second conductivity type is + positioned in the base area (20) between and spaced from the + emitter (30) and the outer periphery of the base area (20). The + implant further has a heavier concentration of the second + conductivity type than the base area to compensate for loss of + the second conductivity type under the field oxide and to + separate the transistor current path from the breakdown path, + which improves the collector to emitter breakdown voltage (BVCEO) + while still maintaining a high beta.", + month = apr, + year = 1971 +} + +@ARTICLE{Attanasio2008-cn, + title = "Explaining changes in female labor supply in a life-cycle model", + author = "Attanasio, Orazio and Low, Hamish and Sánchez-Marcos, Virginia", + journal = "Am. Econ. Rev.", + publisher = "American Economic Association", + volume = 98, + number = 4, + pages = "1517--1552", + abstract = "This paper studies the life-cycle labor supply of three cohorts + of American women, born in the 1930s, 1940s, and 1950s. We focus + on the increase in labor supply of mothers between the 1940s and + 1950s cohorts. We construct a life-cycle model of female + participation and savings, and calibrate the model to match the + behavior of the middle cohort. We investigate which changes in + the determinants of labor supply account for the increases in + participation early in the life-cycle observed for the youngest + cohort. A combination of a reduction in the cost of children + alongside a reduction in the wage-gender gap is needed. (JEL D91, + J16, J22, J31)", + month = aug, + year = 2008, + language = "en" +} + +@ARTICLE{Alesina2011-km, + title = "Gender-based taxation and the division of family chores", + author = "Alesina, Alberto and Ichino, Andrea and Karabarbounis, Loukas", + journal = "Am. Econ. J. Econ. Policy", + publisher = "American Economic Association", + volume = 3, + number = 2, + pages = "1--40", + abstract = "Gender-based taxation (GBT) satisfies Ramsey's rule because it + taxes at a lower rate the more elastic labor supply of women. We + study GBT in a model in which labor elasticities emerge + endogenously from intrahousehold bargaining. We explore the cases + of superior bargaining power for men, higher male wages, and + higher female home productivity. In all cases, men commit to a + career in the market, take less home duties than women, and have + lower labor supply elasticity. When society resolves its + distributional concerns efficiently with gender-specific lump sum + transfers, GBT with higher marginal tax rates on (single and + married) men is optimal. (JEL D13, H21, H24, J16, J22)", + month = may, + year = 2011, + language = "en" +} diff --git a/models/We-Would-Like-In-Econ-ARK/TaxingWomen/self.bib b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/self.bib new file mode 100644 index 00000000..5458c0b8 --- /dev/null +++ b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/self.bib @@ -0,0 +1,23 @@ +@ARTICLE{Guner2012-xi, + title = "Taxing women: A macroeconomic analysis", + author = "Guner, Nezih and Kaygusuz, Remzi and Ventura, Gustavo", + journal = "J. Monet. Econ.", + publisher = "Elsevier BV", + volume = 59, + number = 1, + pages = "111--128", + abstract = "Based on well-known evidence on labor supply elasticities, + several authors have concluded that women should be taxed at + lower rates than men. We evaluate the quantitative implications + and merits of this proposition. Relative to the current system of + taxation, setting a proportional tax rate on married females + equal to 4\% (8\%) increases output and married female labor + force participation by about 3.9\% (3.4\%) and 6.9\% (4.0\%), + respectively. Gender-based taxes improve welfare and are + preferred by a majority of households. Nevertheless, welfare + gains are higher when the U.S. tax system is replaced by a + proportional, gender-neutral income tax.", + month = jan, + year = 2012, + language = "en" +} diff --git a/models/We-Would-Like-In-Econ-ARK/TaxingWomen/subsequent-literature.bib b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/subsequent-literature.bib new file mode 100644 index 00000000..011b25d0 --- /dev/null +++ b/models/We-Would-Like-In-Econ-ARK/TaxingWomen/subsequent-literature.bib @@ -0,0 +1,244 @@ +% Exported from Litmaps (https://www.litmaps.com) + +@article{evolution_olivetti_2016, + title = {The Evolution of Gender Gaps in Industrialized Countries}, + doi = {10.1146/annurev-economics-080614-115329}, + author = {Olivetti, Claudia and Petrongolo, Barbara}, + journal = {Annual Review of Economics}, + year = {2016}, + litmapsId = {110280323} +} + + +@article{income_guner_2014, + title = {Income taxation of U.S. households: facts and parametric estimates}, + doi = {10.1016/j.red.2014.01.003}, + author = {Guner, Nezih and Kaygusuz, Remzi and Ventura, Gustavo}, + journal = {Review of Economic Dynamics}, + year = {2014}, + litmapsId = {213136019} +} + + +@article{barcelona_guner_2013, + title = {Barcelona GSE Working Paper Series Working Paper nº 705Income Taxation of U.S. Households: Facts and Parametric Estimates}, + author = {Guner, Nezih and Kaygusuz, Remzi and Ventura, G.}, + year = {2013}, + litmapsId = {266080292} +} + + +@article{taxation_bick_2018, + title = {Taxation and Labor Supply of Married Couples across Countries: A Macroeconomic Analysis}, + doi = {10.1093/restud/rdx057}, + author = {Bick, Alexander and Fuchs-Schündeln, Nicola}, + journal = {The Review of Economic Studies}, + year = {2018}, + litmapsId = {29230620} +} + + +@article{taxation_bick_2012, + title = {Taxation and Labor Supply of Married Couples Across Countries: A Macroeconomic Analysis}, + doi = {10.1093/restud/rdx057}, + author = {Bick, Alexander and Fuchs-Schündeln, N.}, + journal = {Social Science Research Network}, + year = {2012}, + litmapsId = {279534418} +} + + +@article{families_doepke_2016, + title = {Families in Macroeconomics}, + doi = {10.1016/bs.hesmac.2016.04.006}, + author = {Doepke, Matthias and Tertilt, Michèle}, + journal = {Handbook of Macroeconomics}, + year = {2016}, + litmapsId = {93137956} +} + + +@article{childrelated_guner_2017, + title = {Child-Related Transfers, Household Labor Supply and Welfare}, + doi = {10.1093/restud/rdaa011}, + author = {Guner, Nezih and Kaygusuz, Remzi and Ventura, G.}, + year = {2017}, + litmapsId = {57585845} +} + + +@article{12_ponthieux_2015, + title = {Chapter 12 – Gender Inequality}, + doi = {10.1016/b978-0-444-59428-0.00013-8}, + author = {Ponthieux, Sophie and Meurs, Dominique}, + journal = {Handbook of Income Distribution}, + year = {2015}, + litmapsId = {86953606} +} + + +@article{social_kaygusuz_2015, + title = {Social Security and Two-Earner Households}, + doi = {10.1016/j.jedc.2015.07.006}, + author = {Kaygusuz, Remzi}, + journal = {Journal of Economic Dynamics and Control}, + year = {2015}, + litmapsId = {186594868} +} + + +@article{federal__2013, + title = {FEDERAL RESERVE BANK of ATLANTA WORKING PAPER SERIES Old, Sick, Alone, and Poor: A Welfare Analysis of Old-Age Social Insurance Programs}, + author = {, }, + year = {2013}, + litmapsId = {271119065} +} + + +@article{childrelated_guner_2020, + title = {Child-Related Transfers, Household Labour Supply, and Welfare}, + doi = {10.1093/restud/rdaa011}, + author = {Guner, Nezih and Kaygusuz, Remzi and Ventura, Gustavo}, + journal = {The Review of Economic Studies}, + year = {2020}, + litmapsId = {65650100} +} + + +@article{old_braun_2016, + title = {Old, Sick, Alone, and Poor: A Welfare Analysis of Old-Age Social Insurance Programmes}, + doi = {10.1093/restud/rdw016}, + author = {Braun, R. Anton and Kopecky, Karen A. and Koreshkova, Tatyana}, + journal = {The Review of Economic Studies}, + year = {2016}, + litmapsId = {70949084} +} + + +@article{road_karabarbounis_2016, + title = {A Road Map for Efficiently Taxing Heterogeneous Agents}, + doi = {10.1257/mac.20140274}, + author = {Karabarbounis, Marios}, + journal = {American Economic Journal: Macroeconomics}, + year = {2016}, + litmapsId = {150092229} +} + + +@article{joint_nishiyama_2019, + title = {The Joint Labor Supply Decision of Married Couples and the Social Security Pension System}, + doi = {10.1016/j.red.2018.08.001}, + author = {Nishiyama, Shinichi}, + journal = {Review of Economic Dynamics}, + year = {2019}, + litmapsId = {134084647} +} + + +@article{childcare_guner_2014, + title = {Childcare Subsidies and Household Labor Supply}, + author = {Guner, Nezih and Kaygusuz, Remzi and Ventura, Gustavo}, + journal = {Social Science Research Network}, + year = {2014}, + litmapsId = {70443895} +} + + +@article{allocation_duernecker_2018, + title = {On the allocation of time - A quantitative analysis of the roles of taxes and productivities}, + doi = {10.1016/j.euroecorev.2017.10.025}, + author = {Duernecker, Georg and Herrendorf, Berthold}, + journal = {European Economic Review}, + year = {2018}, + litmapsId = {132479209} +} + + +@article{computable_agnor_2017, + title = {A COMPUTABLE OVERLAPPING GENERATIONS MODEL FOR GENDER AND GROWTH POLICY ANALYSIS}, + doi = {10.1017/s136510051500036x}, + author = {Agénor, Pierre-Richard}, + journal = {Macroeconomic Dynamics}, + year = {2017}, + litmapsId = {145357466} +} + + +@article{optimal_gorry_2012, + title = {Optimal taxation over the life cycle}, + doi = {10.1016/j.red.2012.05.002}, + author = {Gorry, Aspen and Oberfield, Ezra}, + journal = {Review of Economic Dynamics}, + year = {2012}, + litmapsId = {226458957} +} + + +@article{longterm_bick_2018, + title = {Long-Term Changes in Married Couples&Apos; Labor Supply and Taxes: Evidence from the Us and Europe Since the 1980s}, + doi = {10.3386/w24995}, + author = {Bick, Alexander and Brüggemann, Bettina and Fuchs-Schundeln, Nicola and Paule-Paludkiewicz, Hannah}, + journal = {Journal of International Economics}, + year = {2018}, + litmapsId = {232790124} +} + + +@article{macroeconomic_cuberes_2018, + title = {Macroeconomic costs of gender gaps in a model with entrepreneurship and household production}, + doi = {10.1515/bejm-2017-0031}, + author = {Cuberes, David and Teignier, Marc}, + journal = {B E Journal of Macroeconomics}, + year = {2018}, + litmapsId = {121443935} +} + + +@article{allocation_duernecker_2015, + title = {On the Allocation of Time -- A Quantitative Analysis of the U.S. and France}, + doi = {10.2139/ssrn.2646482}, + author = {Duernecker, Georg and Herrendorf, Berthold}, + journal = {SSRN Electronic Journal}, + year = {2015}, + litmapsId = {59858522} +} + + +@article{decline_perezarce_2018, + title = {The Decline in the U.S. Labor Force Participation Rate: A Literature Review}, + doi = {10.2139/ssrn.3717097}, + author = {Perez-Arce, F. and Prados, M.}, + journal = {Journal of economic surveys (Print)}, + year = {2018}, + litmapsId = {279286268} +} + + +@article{collecting_doss_2014, + title = {Collecting Sex Disaggregated Data to Improve Development Policies}, + doi = {10.1093/jae/ejt023}, + author = {Doss, C.}, + year = {2014}, + litmapsId = {118411332} +} + + +@article{joint_nishiyama_2019, + title = {The joint labor supply decision of married couples and the U.S. Social Security pension system}, + doi = {10.1016/j.red.2018.08.001}, + author = {Nishiyama, Shin’ichi}, + journal = {Review of Economic Dynamics}, + year = {2019}, + litmapsId = {237537769} +} + + +@article{large_bucciol_2017, + title = {A large scale OLG model for the analysis of the redistributive effects of policy reforms}, + doi = {10.1016/j.ejpoleco.2016.08.005}, + author = {Bucciol, Alessandro and Cavalli, Laura and Fedotenkov, Igor and Pertile, Paolo and Polin, Veronica and Sartor, Nicola and Sommacal, Alessandro}, + journal = {European Journal of Political Economy}, + year = {2017}, + litmapsId = {44222492} +} +