NBER Working Papers and Publications
|January 1997||U.S.-Japan Telecommunications Trade Conflicts: The Role of Regulation|
in The Effects of U.S. Trade Protection and Promotion Policies, Robert C. Feenstra, editor
|October 1995||The Implicit Taxes from College Financial Aid|
with Aaron S. Edlin: w5316
Families who heed the 'experts'' advice and save for their children's college education typically receive less financial aid. The variation in the net price of college functions as a large tax on savings. College financial aid also functions as an income tax. This paper estimates the size and determinants of these income and asset taxes. We find that the marginal income tax typically ranges from 2% to 16% and the marginal asset levy from somewhat under 10% to as high as 25%. If a typical family chooses to accumulate $100,000 in assets rather than consuming these resources, it loses financial aid worth $10,000-$20,000.
Published: The Journal of Public Economics, Vol. 65, no. 3 (September 1997): 295-322. citation courtesy of
|January 1994||Forecasting Nursing Home Utilization of Elderly Americans|
with Alan M. Garber, Thomas E. MaCurdy
in Studies in the Economics of Aging, David A. Wise, editor
|June 1992||Forecasting Nursing Home Utilization of Elderly Americans|
with Alan M. Garber, Thomas MaCurdy: w4107
This paper describes the likelihood and duration of nursing home admissions experienced by Americans after age 65. Our analysis generates predictions for a representative population, not for one selected to be at high risk of institutionalization, and should therefore be of direct relevance to the design of long-term care policies.