Title
The Redistribution Recession: How Labor Market Distortions Contracted The Economy
Delivery time: 8-12 business days (International)
Redistribution, Or Subsidies And Regulations Intended To Help The Poor, Unemployed, And Financially Distressed, Have Changed In Many Ways Since The Onset Of The Recent Financial Crisis. The Unemployed, For Instance, Can Collect Benefits Longer And Can Receive Bonuses, Health Subsidies, And Tax Deductions, And Millions More People Have Became Eligible For Food Stamps.Economist Casey B. Mulligan Argues That While Many Of These Changes Were Intended To Help People Endure Economic Events And Boost The Economy, They Had The Unintended Consequence Of Deepeningif Not Causingthe Recession. By Dulling Incentives For People To Maintain Their Own Living Standards, Redistribution Created Employment Losses According To Age, Skill, And Family Composition. Mulligan Explains How Elevated Tax Rates And Binding Minimumwage Laws Reduced Labor Usage, Consumption, And Investment, And How They Increased Labor Productivity. He Points To Entire Industries That Slashed Payrolls While Experiencing Little Or No Decline In Production Or Revenue, Documenting The Disconnect Between Employment And Production That Occurred During The Recession. The Book Provides An Authoritative, Comprehensive Economic Analysis Of The Marginal Tax Rates Implicit In Public And Private Sector Subsidy Programs, And Uses Quantitative Measures Of Incentives To Work And Their Changes Over Time Since 2007 To Illustrate Production And Employment Patterns. It Reveals The Startling Amount Of Work Incentives Eroded By The Labyrinth Of New And Existing Social Safety Net Program Rules, And, Using Prior Results From Labor Economics And Public Finance, Estimates That The Labor Market Contracted Two To Three Times More Than It Would Have If Redistribution Policies Had Remained Constant.In The Redistribution Recession, Casey B. Mulligan Offers Hard Evidence To Contradict The Notion That Work Incentives Suddenly Stop Mattering During A Recession Or When Interest Rates Approach Zero, And Offers Groundbreaking Interpretations And Precise Explanations Of The Interplay Between Unemployment And Financial Markets.
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To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main topic of 'The Redistribution Recession'? A: 'The Redistribution Recession' by Casey B. Mulligan discusses how labor market distortions, driven by redistribution policies, have adversely affected the economy, particularly during the recent financial crisis.
- Q: Who is the author of this book? A: The author of 'The Redistribution Recession' is economist Casey B. Mulligan.
- Q: What is the book's publication date? A: 'The Redistribution Recession' was published on November 2, 2012.
- Q: How many pages does 'The Redistribution Recession' have? A: The book contains 364 pages.
- Q: What type of binding does this book have? A: 'The Redistribution Recession' is available in hardcover binding.
- Q: What are the key features of the book? A: This book is a used book in good condition, providing a comprehensive economic analysis of labor market distortions and their effects.
- Q: What category does this book fall under? A: 'The Redistribution Recession' is categorized under Income Inequality.
- Q: What are some themes explored in the book? A: The book explores themes such as labor market incentives, the impact of redistribution policies on employment, and the relationship between economic policies and financial markets.
- Q: Is this book suitable for understanding current economic issues? A: Yes, 'The Redistribution Recession' offers insights into how labor market policies affect economic conditions, making it relevant for understanding current economic issues.
- Q: Does the book provide statistical analysis? A: Yes, Casey B. Mulligan uses quantitative measures to illustrate changes in work incentives and their impact on production and employment patterns since 2007.