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The Case for Using the MVPF in Empirical Welfare Analysis

Author

Listed:
  • Nathaniel Hendren
  • Ben Sprung-Keyser

Abstract

This paper outlines the case for using the Marginal Value of Public Funds (MVPF) in empirical welfare analysis. It compares the MVPF approach with more traditional welfare metrics such as the Cost-Benefit Ratio and the Net Social Benefits criterion. It outlines the advantages of the MVPF approach relative to these metrics. In building the case for the MVPF, this paper also addresses several misconceptions about the MVPF that appear in recent literature.

Suggested Citation

  • Nathaniel Hendren & Ben Sprung-Keyser, 2022. "The Case for Using the MVPF in Empirical Welfare Analysis," NBER Working Papers 30029, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:30029
    Note: CH ED EEE EH IO LS PE
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    Cited by:

    1. Goetz, Alexander & Mayr, Harald & Schubert, Renate, 2024. "One thing leads to another: Evidence on the scope and persistence of behavioral spillovers," Journal of Public Economics, Elsevier, vol. 236(C).
    2. Christiansen, Tobias Gabel, 2024. "Dynamic effects of tax audits and the role of intentions," Journal of Public Economics, Elsevier, vol. 234(C).
    3. Katarzyna A. Bilicka & Michael P. Devereux & İrem Güçeri, 2024. "Tax Policy, Investment and Profit Shifting," NBER Working Papers 33132, National Bureau of Economic Research, Inc.
    4. Benjamin Collier & Sabrina T. Howell & Lea Rendell, 2024. "After the Storm: How Emergency Liquidity Helps Small Businesses Following Natural Disasters," Working Papers 24-20, Center for Economic Studies, U.S. Census Bureau.
    5. Britta Rude, 2024. "Middle-run educational impacts of comprehensive early childhood interventions: evidence from a pioneer program in Chile," Journal of Population Economics, Springer;European Society for Population Economics, vol. 37(2), pages 1-30, June.
    6. Montpetit, Sébastien & Beaureard, Pierre-Loup & Carrer, Luisa, 2024. "A welfare analysis of universal childcare: Lessons from a Canadian reform," CLEF Working Paper Series 73, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    7. Spencer Bastani, 2023. "The Marginal Cost of Public Funds: A Brief Guide," CESifo Working Paper Series 10322, CESifo.
    8. Tirole, Jean & Moisson, Paul-Henri & Dubois, Pierre, 2023. "The (Ir)Relevance of the Cooperative Form," TSE Working Papers 23-1453, Toulouse School of Economics (TSE).

    More about this item

    JEL classification:

    • H0 - Public Economics - - General

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