Title
The Redistribution Recession: How Labor Market Distortions Contracted The Economy
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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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- Q: How many pages does this book have? A: This book has three hundred sixty-four pages. It provides an in-depth analysis of economic policies and their effects on employment.
- Q: What is the binding type of this book? A: The binding type is hardcover. This ensures durability and longevity for frequent readers.
- Q: What are the dimensions of this book? A: The dimensions are three point two inches in length, six point three inches in width, and nine point three inches in height. This size makes it easy to handle and store.
- Q: Who is the author of this book? A: The author is Casey B. Mulligan. He is known for his expertise in labor economics and public finance.
- Q: What is the main subject of this book? A: The main subject is income inequality. It discusses how labor market distortions affect economic conditions and employment.
- Q: Is this book suitable for academic use? A: Yes, this book is suitable for academic use. It includes comprehensive economic analysis and quantitative measures, making it a valuable resource for students and researchers.
- Q: How can I benefit from reading this book? A: Reading this book can enhance your understanding of economic policies and their unintended consequences on the labor market. It provides insights into how redistribution policies impact employment.
- Q: What is the target audience for this book? A: The target audience includes economists, students, and anyone interested in labor economics and public policy. It is particularly relevant for those studying income inequality.
- Q: Can I find this book in used condition? A: Yes, this book is available as a used book in good condition. This option can offer significant savings compared to buying new.
- Q: How should I store this book? A: Store this book upright on a shelf to prevent warping. Keep it away from direct sunlight and moisture to maintain its condition.
- Q: Does this book contain any illustrations or charts? A: Yes, the book includes charts and data visualizations to help illustrate key concepts and findings. These visual aids enhance understanding of complex economic theories.
- Q: Is there a specific reading level for this book? A: This book is aimed at an adult audience, particularly those with an interest or background in economics. It may not be suitable for younger readers.
- Q: What are the key themes discussed in this book? A: Key themes include labor market distortions, economic incentives, and the effects of government policies on employment. The book critically analyzes how these factors interrelate.
- Q: What type of analysis does this book provide? A: The book provides an authoritative economic analysis of marginal tax rates and their impact on labor usage and productivity. It uses quantitative measures for clarity.
- Q: What publisher released this book? A: The book is published by Oxford University Press, USA. This publisher is known for its reputable academic publications.
- Q: Can I return this book if I'm not satisfied? A: Return policies vary by seller, but most allow returns within a specified period if you are not satisfied. Always check the specific return policy before purchasing.