Theorists of #econtwitter ,

Is there a good explanation of the relationship between axiomatizations of Expected Utility Theory and Utilitarian Social Welfare?

Surely the independence axiom and “irrelevance of unconcerned agents” and/or “anonymity” are related, but how?

On the heels of California’s new $20 minimum wage for fast-food workers, my co-author Max Risch of Carnegie Mellon University and I are posting our new working paper on the impact of minimum wage increases on independent businesses. [1/14]
nirupamarao.org/_files/ugd/ed3…

The detail here is extraordinary.

UMD Econ is recruiting for a new pre doc. Come spend one year gaining research experience with faculty mentors + taking classes, and stay for the PhD! This NSF-funded program is intended to increase diversity in econ and builds on our undergrad pipeline program. Apps due 3/22.

Lots in this paper, I'm excited to dig in, but TL/DR:

IRS thinks it can raise *$851B!!!* over the course of the next decade as a result of new IRA investments

$851B! From collecting taxes owed, disprop from top

Also puts a steep price on funding cuts

irs.gov/pub/irs-pdf/p5…

New paper (w/ Ed Fox Michigan Law School): The super-rich borrow against their big stock gains & consume from that, paying no tax. This is unfair. We show how to fix this and raise ~ $100 billion in a progressive, efficient way.
ssrn.com/abstract=47161…
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📢 Reminder to submit for #IIPF2024 by Feb 15 ⏰
#EconTwitter
Let's meet in Prague!
Keynotes by Annette Alstadsæter Fatih Guvenen Lisa De Simone and Christoph Trebesch
Grants for authors from low- or middle-income countries available
👉 Call for Papers + further info: iipf2024.vse.cz

I never expected screenshots of an IRS website to spark joy, but here we are. Amazing.

NIPFP IIPF - International Institute of Public Finance Lubomír Cingl Miroslav Palansky Daniel Reck Annette Alstadsæter Fatih Guvenen Christoph Trebesch Note: This year, we have (limited) funding to cover the costs of attending the congress for people from low- and middle income countries. So submit your papers!

Rare Community Note L.

You can dislike accrual based taxation, but unrealized income is income and, under current law, is sometimes taxed!

If you’re around San Antonio for #ASSA2024 come and see a wonderful session on taxes organised by Damon Jones with presentations from Valencia Prentis, Gabrielle Pepin and Dmitri Koustas! Hopefully see you on Friday at 10.15am!

Rise and fall of the AEA winter meetings, 1980-2023

I am sharing this again now that y’all are returning from holidays.

Submit your papers by Feb 15 and join us in Prague!

With all due respect to Darwin, Marx, and the council of Nicaea, Newton’s Principia had an illustration of an object being launched into orbit around the Earth. It was published in 1687.

The launch of the U.S.' beneficial ownership registry marks a historic step forward to protect our economic and national security. A centralized database of beneficial ownership information will eliminate vulnerabilities in our financial system and help tackle illicit finance.

It’s been 6 years since Tax Cuts & Jobs Act became law...more than enough time to know if it delivered on its promise of raising wages.

The answer from a new study from Kennedy, Landefeld & Mortenson JCT Congress & Dobridge Federal Reserve: No it has not! 🧵

patrick-kennedy.github.io/files/TCJA_KDL…

There’s a paper here. Lack of data will be an issue though!

pravda.com.ua/eng/news/2023/…

New paper: Do People Like Financial Nudges? Lots of data, some surprises. ⁦Adam Oliver⁩ ⁦Carey Morewedge⁩ ⁦Liam Delaney⁩ ⁦𝐒𝐞𝐧𝐝𝐡𝐢𝐥 𝐌𝐮𝐥𝐥𝐚𝐢𝐧𝐚𝐭𝐡𝐚𝐧⁩ ⁦Merle van den Akker, PhD⁩ papers.ssrn.com/sol3/papers.cf…

Rachel Nesbit

JMP: 'The Role of Mandated Mental Health Treatment in the Criminal Justice System'

Website: sites.google.com/umd.edu/econ-j…

“It’s a very small portion of the tax gap” 😂😂😂
nice one Nathaniel Hendren