Transfers, Taxes, and the NAIRU / Daniel S. Hamermesh.

Format:

Book

Author/Creator:

Hamermesh, Daniel S.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w0548.

NBER working paper series no. w0548

Language:

English

Subjects (All):

Transfer payments--United States.

Transfer payments.

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1980.

Cambridge, Mass. : National Bureau of Economic Research, 1980.

Summary:

Just as war is too important to be left to the generals, the impact of taxes and transfers on the aggregate unemployment rate is too important to be left to the macroeconomists. I therefore subject the issue of how tax and transfer policy affects unemployment and aggregate supply to a detailed, microeconomic examination of the effects of individual tax and transfer program structures. This inductive approach is, I believe, likely to provide a far better guide to discovering how changes in these policies have worked through the economy than would a macroeconomic approach that ignored the programs' complexities.

Notes:

Print version record

September 1980.

Includes bibliographical references.