The effects of green growth, environmental-related tax, and eco-innovation towards carbon neutrality target in the US economy

In the United States, the military is the primary channel through which many are able to obtain supports traditionally provided by the welfare state, such as access to higher education, job training, employment, health care, and so on. However, due to the nature of the military as a highly gendered institution, these social welfare functions are not as accessible for women as they are for men. This amounts to a highly gender-biased state spending pattern that subsidizes substantially more human capital development for men than for women, effectively reinforcing women’s subordinate status in the US economy. JEL classification: B54, B52, Z13

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Optimal Taxation of Families: Mirrlees meets Becker*

The Economic Journal ◽

10.1093/ej/ueab012 ◽

2021 ◽

Author(s):

Musab Kurnaz

Keyword(s):

Quantitative Analysis ◽

Income Distribution ◽

Income Tax ◽

Optimal Taxation ◽

Tax Credits ◽

Child Rearing ◽

Welfare Gains ◽

Us Economy ◽

Parental Time ◽

The Us

Abstract This paper studies optimal taxation of families—a combination of an income tax schedule and child tax credits. Child-rearing requires both goods and parental time, which distinctly impact the design of optimal child tax credits. In the quantitative analysis, I calibrate my model to the US economy and show that the optimal child tax credits are U-shaped in income and are decreasing in family size. In particular, the optimal credits decrease in the first nine deciles of the income distribution and then increase thereafter. Implementing the optimum yields large welfare gains.

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Rethinking U.S. National Security after Covid19

Peace Economics Peace Science and Public Policy ◽

10.1515/peps-2020-0055 ◽

2020 ◽

Vol 26 (3) ◽

Author(s):

Linda J. Bilmes

Keyword(s):

Climate Change ◽

United States ◽

National Security ◽

The United States ◽

Emerging Diseases ◽

Defense Spending ◽

Federal Spending ◽

Us Economy ◽

The Us ◽

The Military

AbstractThe United States has traditionally defined national security in the context of military threats and addressed them through military spending. This article considers whether the United States will rethink this mindset following the disruption of the Covid19 pandemic, during which a non-military actor has inflicted widespread harm. The author argues that the US will not redefine national security explicitly due to the importance of the military in the US economy and the bipartisan trend toward growing the military budget since 2001. However, the pandemic has opened the floodgates with respect to federal spending. This shift will enable the next administration to allocate greater resources to non-military threats such as climate change and emerging diseases, even as it continues to increase defense spending to address traditionally defined military threats such as hypersonics and cyberterrorism.

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