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The Redistribution Recession
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The Redistribution Recession: How Labor Market Distortions Contracted the Economy

Casey B. Mulligan

Abstract

Beginning in 2007, major subsidies and regulations intended to help the poor and unemployed were changed in more than a dozen ways. Many of these changes were reasonable reactions to economic events, with the intention of helping people endure the recession. But the increased redistribution itself also altered the path of the economy—and created employment losses according to age, skill and family composition—by dulling incentives for people to maintain their own living standards. This book presents evidence contradicting the Keynesian notions that work incentives suddenly stop mattering durin ... More

Keywords: labor market, marginal tax rates, 2008–9 recession, social safety net, implicit taxes, productivity, work incentives, unemployment insurance, food stamps, economic stimulus

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780199942213
Published to Oxford Scholarship Online: January 2013 DOI:10.1093/acprof:oso/9780199942213.001.0001

Authors

Affiliations are at time of print publication.

Casey B. Mulligan, author
University of Chicago

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