Recessions

insights

Trapezoidal income support structures (like the Earned Income Tax Credit) may fail as an economy-wide stabilizer during periods of economic recession. Following a large expansion in Pittsburgh's split-rate tax, their average annual building permit values increased by 70.4%, while 15 other cities had a 14.4% decrease in the same time period. During recessions in Norway, workers at codetermined firms only experience wage decreases of 0.2%, compared with 0.9% for workers at non-codetermined firms.

sources

Do Employees Benefit From Worker Representation on Corporate Boards? Pennsylvania's Success with Local Property Tax Reform: The Split Rate Tax Reweaving the Safety Net: The Best Fit For Guaranteed Income

authors

Ola L. Vestad Peter Nilsson Magne Mogstad Christine Blandhol Alanna Hartzok Stephen Nuñez Michael Lewis Sidhya Balakrishnan

reports

Codetermination Land Value Tax Basic Income