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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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
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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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.