We study optimal redistribution and insurance in a life-cycle economy with private
idiosyncratic shocks. We characterize Pareto optima, show the forces determining optimal …

The dynamic public finance literature underwent significant changes over the past decade.
This research agenda has now reached a stage at which it is able to analyze the design of …

Building on earlier work that shows that the Earned Income Tax Credit (EITC) has a
substantial positive effect on maternal labor supply, we show that labor supply effects are …

In this chapter we study dynamic incentive models in which risk sharing is endogenously
limited by the presence of informational or enforcement frictions. We comprehensively …

A parent's primary goal is to provide their children the emotional and material support they
need to thrive. Parents who struggle to fully meet their financial needs through employment …

There is a growing consensus across the political spectrum that our current welfare system
is not working as intended. Although federal, state, and local governments spend nearly $1 …

Policy Points: r Income is a fundamental cause of health across the life course. To address
income-related health inequities, we need a set of overlapping and complementary policy …

This chapter explores the relationship between poverty and aging, in terms of its
measurement and trends, as well as its alleviation, with particular attention to the most …

In what is probably the largest cash transfer program in the world today China's Dibao
program aims to fill all poverty gaps. In theory, the program creates a poverty trap, with 100 …

The Internal Revenue Code contains many credits, deductions, exclusions, and other
benefits that apply when a taxpayer satisfies a certain numerical criterion, but that …