NBER Working Paper No. 21035 Issued in March 2015 NBER Program(s): EFGPE
This paper investigates how tax changes for different income groups affect aggregate economic activity. I construct a measure of who received (or paid for) tax changes in the postwar period using tax return data from NBER's TAXSIM. I aggregate each tax change by income group and state. Variation in the income distribution across U.S. states and federal tax changes generate variation in regional tax shocks that I exploit to test for heterogeneous effects. I find that the positive relationship between tax cuts and employment growth is largely driven by tax cuts for lower-income groups and that the effect of tax cuts for the top 10% on employment growth is small.
In his 1961 inaugural address, President John F. Kennedy said “Ask not what your country can do for you — ask what you can do for your country.” (YouTube)
Similarly, U.S. Department of Health and Human Services’ Chief Learning Officer Trina Shields, née Greer, asks the leaders and employees inside and outside of her organization not what learning can do for them but what they can do to promote each other’s growth and development.
To do so and remain under budget, the department had to look outside. Shields created “Higher Education @ Work,” a partner model that connected HHS with 22 universities. Instead of relying solely on departmental programs, employees can access certification and degree programs with tuition discounts. This eases HHS learning delivery costs and increases the level of education its workforce can receive.
“Most agencies were afraid to ask universities for savings and discounts,” Shields said.
It’s easy to assume Apple Pay is one in a long line of disruptive innovations from the master of serial disruption. But this time that’s not the case. Apple isn’t behaving as a disruptor here; it’s acting as a reseller.
This seems like an easy distinction to spot, but that’s not always so. Like disruptors, resellers can enter an industry with a different business model and target customers unattractive to established firms. But they extend an industry’s distribution structure rather than disrupt it...
“I have been the first at everything I’ve done in academic leadership,” says Davis-Blake. She adds that she was the first woman to be the chair of her department at the University of Texas at Austin’s McCombs School of Business, the first female senior associate dean at McCombs, the first female dean of the Carlson School of Management at the University of Minnesota, and now the first woman to run Ross. Bloomberg Business asked Davis-Blake why she’s had to be first so many times, and what it’s like to be one of the only women camping out in a business school’s corner office. The interview has been condensed and edited for clarity.
Why are you one of only 10 female deans at the top 60 business schools?
Until very recently, most CFOs viewed sustainability as someone else’s job — a matter of compliance or philanthropy unrelated to the pressing concerns that typically keep financial executives up at night.
A growing number of prominent CFOs have adopted a sharply different view and, in so doing, are sending the following powerful message to their peers: take a closer look at sustainability, and you’ll find increasing opportunities for value creation — especially in dealing with pressures to reduce short-term business costs and strengthen your organization’s foundation for long-term growth.
This is one of the key findings of a new research effort (PDF) by our organizations — Corporate Eco Forum (CEF) and World Environment Center (WEC) — to examine the evolving roles of CFOs at major global companies in light of rising pressures on companies to connect financial management with sustainability...
The pitfalls of focusing on GDP alone are evident in the findings of the 2015 Social Progress Index, launched on April 9. The SPI, created in collaboration with Scott Stern of MIT and the nonprofit Social Progress Imperative, measures the performance of 133 countries on various dimensions of social and environmental performance. It is the most comprehensive framework developed for measuring social progress, and the first to measure social progress independently of GDP.
Dr. Kriti Jain, a professor with IE Business school, Madrid, and a philanthropist, visited BMVSS and D.R. Mehta a few years ago. Grateful and humbled, after helping a family member recover, she has started a campaign to help 200 amputees walk again. She will personally hand over the funds when she visits the Jaipur center at the end of February 2015.
We are actively fundraising to help Dr. Kriti meet the target amount of Rs. 500,000 by February 20, 2015. For just $50 or Rs. 3000, the cost of a nice dinner, YOU can give a deserving amputee a new limb, a new lease of life.
Skip dinner and contribute to the fundraiser and help 200 disabled people walk again.