Publications

September 2006
Article

Dynamic Scoring: A Back-of-the-Envelope Guide

By: Matthew C. Weinzierl and N. Gregory Mankiw

This paper uses the neoclassical growth model to examine the extent to which a tax cut pays for itself through higher economic growth. The model yields simple expressions for the steady-state feedback effect of a tax cut. The feedback is surprisingly large: for... View Details

Keywords: Revenue Estimation; Taxation; Economic Growth

25 Jul 2017
First Look

First Look at New Research and Ideas: July 25, 2017

important social welfare benefit by facilitating the initiation of M&A deals. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=52924 A Welfarist Role for Nonwelfarist Rules: An Example with Envy By: Weinzierl, View Details

Keywords: Carmen Nobel

2021
Working Paper

Most Individuals Prefer to Compromise among Competing Normative Principles of Taxation

By: Itai Sher and Matthew C. Weinzierl

We use a novel survey to gather direct and indirect evidence on how individuals reconcile their simultaneous support for opposing normative principles when forming their policy preferences. Our evidence suggests that, when choosing policy, a minority (approximately... View Details

Keywords: Normative Principles; Taxation; Policy; Attitudes; Measurement and Metrics

SSRN

February 2016
Article

Positive and Normative Judgments Implicit in U.S. Tax Policy, and the Costs of Unequal Growth and Recessions

By: Benjamin B. Lockwood and Matthew Weinzierl

Calculating the welfare implications of changes to economic policy or shocks to the economy requires economists to decide on a normative criterion. One way to make that decision is to elicit the relevant moral criteria from real-world policy choices, converting a... View Details

Keywords: Judgments; Taxation

July 2018 (Revised September 2018)
Case

Donald Trump and the Tax Cuts and Jobs Act

By: Matthew Weinzierl and Robert Scherf

In January 2018, President Donald Trump was full of optimism. He had just signed the most substantial legislation of his young presidency, the Tax Cuts and Jobs Act (TCJA), making major changes to the tax code. Echoing his campaign slogan—Make America Great Again—Trump... View Details

Keywords: Taxation; Jobs and Positions; Government and Politics; Public Opinion; United States

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Article

Optimal Taxation When Children's Abilities Depend on Parents' Resources

By: Alexander Gelber and Matthew Weinzierl

Empirical research suggests that parents' economic resources affect their children's future earnings abilities. Optimal tax policy therefore treats future ability distributions as endogenous to current taxes. We model this endogeneity, calibrate the model to match... View Details

Keywords: Taxation; Family and Family Relationships; Welfare

17 Mar 2009
First Look

First Look: March 17, 2009

Agreements in Bio-Pharmaceuticals Authors:Juan Alcácer, John Cantwell, and Michelle Gittelman Publication:In Location of Biopharmaceutical Activity, edited by Iain M. Cockburn and Matthew J. Slaughter. NBER,... View Details

Keywords: Martha Lagace

July–September 2023
Article

A Systematic Review of Respect Between Acute Care Nurses and Physicians

By: Derrick P. Bransby, Anna T. Mayo, Matthew A. Cronin, Katie Park and Christina Yuan

Background: Interprofessional collaboration between nurses and physicians has become an essential part of patient care, which, when lacking, can lead to well-known challenges. One possible explanation for ineffective nurse–physician collaboration is a lack of... View Details

Keywords: Relationships; Status and Position; Cooperation; Attitudes; Behavior; Outcome or Result; Health Industry

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07 Aug 2012
First Look

First Look: August 7

experiment to measure the value of shareholder proxy access. We find that firms that would have been most vulnerable to proxy access, as measured by institutional ownership and activist institutional ownership in particular, lost value on... View Details

Keywords: Sean Silverthorne

28 Aug 2012
First Look

First Look: August 28

a cross section of the class of 1976 and provide a snapshot of life at the time of the reunions. Purchase this supplement:http://hbr.org/search/403081-PDF-ENG Matthew J. Martin Leslie A. Perlow and Thomas J. DeLongHarvard Business School... View Details

Keywords: Sean Silverthorne

29 Apr 2014
First Look

First Look: April 29

Publications August 2013 Journal of Financial Economics X-CAPM: An Extrapolative Capital Asset Pricing Model By: Barberis, Nicholas, Robin Greenwood, Lawrence Jin, and Andrei Shleifer Abstract—Survey evidence suggests that many investors form beliefs about future... View Details

Keywords: Sean Silverthorne

2014
Working Paper

De Gustibus non est Taxandum: Heterogeneity in Preferences and Optimal Redistribution

By: Benjamin B Lockwood and Matthew Weinzierl

The prominent but unproven intuition that preference heterogeneity reduces redistribution in a standard optimal tax model is shown to hold under the plausible condition that the distribution of preferences for consumption relative to leisure rises, in terms of... View Details

Keywords: Spending; Policy; Taxation; Theory; United States

SSRN

January 2009 (Revised October 2011)
Teaching Note

Barack Obama and the Bush Tax Cuts (A) (TN)

By: Matthew C. Weinzierl and Eric D. Werker

Teaching Note for 709037. View Details

Keywords: Government and Politics; Taxation

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February 2010
Article

The Optimal Taxation of Height: A Case Study of Utilitarian Income Redistribution

By: N. Gregory Mankiw and Matthew C. Weinzierl

Should the income tax include a credit for short taxpayers and a surcharge for tall ones? The standard Utilitarian framework for tax analysis answers this question in the affirmative. Moreover, a plausible parameterization using data on height and wages implies a... View Details

Keywords: Taxation; Wages; Personal Characteristics