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Neoliberal Redistributive Policy : The U.S. Net Social Wage in the 21st Century

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  • Katherine A. Moos

    (Department of Economics, University of Massachusetts Amherst)

Abstract

In this paper, I examine the trends of fiscal transfers between the state and workers during 1959-2012 to understand the net impact of redistributive policy in the United States. This paper presents original net social wage data from and analysis based on the replication and extension of Shaikh and Tonak (2002). The paper investigates the appearance of a post-2001 variation in the net social wage data. The positive net social wage in the 21st century is the result of a combination of factors including the growth of income support, healthcare inflation, neoliberal tax reforms, and macroeconomic instability. Growing economic inequality does not appear to alter the results of the net social wage methodology. Classification-JEL: H5, E62, E64, B5

Suggested Citation

  • Katherine A. Moos, 2017. "Neoliberal Redistributive Policy : The U.S. Net Social Wage in the 21st Century," UMASS Amherst Economics Working Papers 2017-18, University of Massachusetts Amherst, Department of Economics.
    • Handle: RePEc:ums:papers:2017-18
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    File URL: http://www.umass.edu/economics/publications/2017-18.pdf
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    Keywords

    fiscal policy; net social wage; neoliberalism; social spending; taxation;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches

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