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Explaining the Decline in the U.S. Employment-to-Population Ratio: a Review of the Evidence
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- Ionescu, Romeo-Victor & Zlati, Monica Laura & Antohi, Valentin Marian, 2021. "European union's regions between cohesion and sustainability," Technological Forecasting and Social Change, Elsevier, vol. 169(C).
- Ray C. Fair, 2018. "Explaining theSlowU.S.Recovery: 2010'2017," Cowles Foundation Discussion Papers 2124, Cowles Foundation for Research in Economics, Yale University.
- David Cho & Daniel I. García & Joshua Montes & Alison E. Weingarden, 2021. "Labor Market Effects of the Oxycodone-Heroin Epidemic," Finance and Economics Discussion Series 2021-025, Board of Governors of the Federal Reserve System (U.S.).
- Gagliardi, Luisa & Moretti, Enrico & Serafinelli, Michel, 2023.
"The World's Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries,"
IZA Discussion Papers
16648, Institute of Labor Economics (IZA).
- Luisa Gagliardi & Enrico Moretti & Michel Serafinelli, 2023. "The World’s Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries," CESifo Working Paper Series 10826, CESifo.
- Luisa Gagliardi & Enrico Moretti & Michel Serafinelli, 2023. "The World’s Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries," NBER Working Papers 31948, National Bureau of Economic Research, Inc.
- Luisa Gagliardi & Enrico Moretti & Michel Serafinelli, 2023. "The World’s Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries," Working Paper series 23-17, Rimini Centre for Economic Analysis.
- Jonathan Heathcote & Fabrizio Perri & Gianluca Violante, 2020.
"The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 181-204, August.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2020. "The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?," NBER Working Papers 27345, National Bureau of Economic Research, Inc.
- Perri, Fabrizio & Heathcote, Jonathan & Violante, Giovanni, 2020. "The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?," CEPR Discussion Papers 14870, C.E.P.R. Discussion Papers.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2020. "The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?," Staff Report 604, Federal Reserve Bank of Minneapolis.
- Jonathan Heathcote & Fabrizio Perri & Gianluca Violante, 2020. "Code and data files for "The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?"," Computer Codes 20-277, Review of Economic Dynamics.
- Pinghui Wu, 2022. "Wage Inequality and the Rise in Labor Force Exit: The Case of US Prime-Age Men," Working Papers 22-16, Federal Reserve Bank of Boston.
- Kelley Sarussi & Thomas Walstrum, 2019. "Education and the Evolution of Earnings Across Population Groups Since 2000," Profitwise, Federal Reserve Bank of Chicago, issue 5, pages 1-13.
- Richard Blundell & Christopher R. Bollinger & Charles Hokayem & James P. Ziliak, 2024.
"Interpreting Cohort Profiles of Lifecycle Earnings Volatility,"
Working Papers
24-21, Center for Economic Studies, U.S. Census Bureau.
- Richard Blundell & Christopher Bollinger & Charles Hokayem & James P. Ziliak, 2024. "Interpreting cohort profiles of lifecycle earnings volatility," IFS Working Papers W24/14, Institute for Fiscal Studies.
- René Böheim & Thomas Horvath & Thomas Leoni & Martin Spielauer, 2023.
"The Impact of Health and Education on Labor Force Participation in Aging Societies: Projections for the United States and Germany from Dynamic Microsimulations,"
Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 42(3), pages 1-35, June.
- René Böheim & Thomas Horvath & Thomas Leoni & Martin Spielauer, 2021. "The Impact of Health and Education on Labor Force Participation in Aging Societies – Projections for the United States and Germany from a Dynamic Microsimulation," NBER Working Papers 29534, National Bureau of Economic Research, Inc.
- René Böheim & Thomas Horvath & Thomas Leoni & Martin Spielauer, 2021. "The Impact Of Health And Education On Labor Force Participation In Aging Societies – Projections For The United States And Germany From A Dynamic Microsimulation," Economics working papers 2021-17, Department of Economics, Johannes Kepler University Linz, Austria.
- Grigoli, Francesco & Koczan, Zsoka & Topalova, Petia, 2020. "Automation and labor force participation in advanced economies: Macro and micro evidence," European Economic Review, Elsevier, vol. 126(C).
- Jeffrey Clemens, 2019. "Cross‐Country Evidence on Labor Market Institutions and Young Adult Employment through the Financial Crisis," Southern Economic Journal, John Wiley & Sons, vol. 86(2), pages 573-612, October.
- Janice C. Eberly & James H. Stock & Jonathan H. Wright, 2020.
"The Federal Reserve's Current Framework for Monetary Policy: A Review and Assessment,"
International Journal of Central Banking, International Journal of Central Banking, vol. 16(1), pages 5-71, February.
- Janice C. Eberly & James H. Stock & Jonathan H. Wright, 2019. "The Federal Reserve’s Current Framework for Monetary Policy: A Review and Assessment," NBER Working Papers 26002, National Bureau of Economic Research, Inc.
- Raven Molloy & Christopher L. Smith & Abigail Wozniak, 2024.
"Changing Stability in U.S. Employment Relationships: A Tale of Two Tails,"
Journal of Human Resources, University of Wisconsin Press, vol. 59(1), pages 35-69.
- Raven Molloy & Christopher Smith & Abigail K. Wozniak, 2020. "Changing Stability in U.S. Employment Relationships: A Tale of Two Tails," NBER Working Papers 26694, National Bureau of Economic Research, Inc.
- Raven S. Molloy & Christopher L. Smith & Abigail Wozniak, 2022. "Changing Stability in U.S. Employment Relationships: A Tale of Two Tails," Opportunity and Inclusive Growth Institute Working Papers 056, Federal Reserve Bank of Minneapolis.
- Raven S. Molloy & Christopher L. Smith & Abigail Wozniak, 2020. "Changing Stability in U.S. Employment Relationships: A Tale of Two Tails," Finance and Economics Discussion Series 2020-017, Board of Governors of the Federal Reserve System (U.S.).
- Francisco Perez‐Arce & María J. Prados, 2021. "The Decline In The U.S. Labor Force Participation Rate: A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 35(2), pages 615-652, April.
- Dale Jorgenson & Mun Ho & Jon Samuels, 2019. "Educational Intensity and the Sources of, and Prospects for, U.S. Economic Growth," International Productivity Monitor, Centre for the Study of Living Standards, vol. 36, pages 161-186, Spring.
- Bradley L. Hardy & Elizabeth Krause & James P. Ziliak, 2024. "Income inequality in the United States, 1975–2022," Fiscal Studies, John Wiley & Sons, vol. 45(2), pages 155-171, June.
- Jorgenson, Dale & Ho, Mun & Samuels, Jon, 2019. "Recent U.S. economic performance and prospects for future growth," Journal of Policy Modeling, Elsevier, vol. 41(3), pages 459-476.
- Amjad Taha & Mucahit Aydin & Taiwo Temitope Lasisi & Festus Victor Bekun & Narayan Sethi, 2023. "Toward a sustainable growth path in Arab economies: an extension of classical growth model," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-24, December.
- Lisa Barrow & Diane W. Schanzenbach & Bea Rivera, 2024. "Work, Poverty, and Social Benefits over the Past Three Decades," The ANNALS of the American Academy of Political and Social Science, , vol. 711(1), pages 100-120, January.
- Kerwin Kofi Charles & Erik Hurst & Mariel Schwartz, 2019.
"The Transformation of Manufacturing and the Decline in US Employment,"
NBER Macroeconomics Annual, University of Chicago Press, vol. 33(1), pages 307-372.
- Kerwin Kofi Charles & Erik Hurst & Mariel Schwartz, 2018. "The Transformation of Manufacturing and the Decline in US Employment," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 307-372, National Bureau of Economic Research, Inc.
- Kerwin Kofi Charles & Erik Hurst & Mariel Schwartz, 2018. "The Transformation of Manufacturing and the Decline in U.S. Employment," NBER Working Papers 24468, National Bureau of Economic Research, Inc.
- Kerwin Kofi Charles & Erik Hurst & Mariel Schwartz, 2018. "The Transformation of Manufacturing and the Decline in U.S. Employment," Working Papers 2018-028, Human Capital and Economic Opportunity Working Group.
- Kimbrough, Gray, 2018. "Xboxes and Ex-workers? Gaming and Labor Supply of Young Adults in the U.S," MPRA Paper 87311, University Library of Munich, Germany.
- Eric Brunner & Shaun Dougherty & Stephen Ross, 2019.
"The Effects of Career and Technical Education: Evidence from the Connecticut Technical High School System,"
Working Papers
2019-047, Human Capital and Economic Opportunity Working Group.
- Eric Brunner & Shaun Dougherty & Stephen L. Ross, 2021. "The Effects of Career and Technical Education: Evidence from the Connecticut Technical High School System," NBER Working Papers 28790, National Bureau of Economic Research, Inc.
- Eric J. Brunner & Shaun Dougherty & Stephen L. Ross, 2019. "The Effects of Career and Technical Education: Evidence from the Connecticut Technical High School System," Working papers 2019-13, University of Connecticut, Department of Economics.
- Aliprantis, Dionissi & Fee, Kyle & Schweitzer, Mark E., 2023.
"Opioids and the labor market,"
Labour Economics, Elsevier, vol. 85(C).
- Dionissi Aliprantis & Mark E. Schweitzer, 2018. "Opioids and the Labor Market," Working Papers (Old Series) 1807, Federal Reserve Bank of Cleveland.
- Dionissi Aliprantis & Kyle Fee & Mark E. Schweitzer, 2019. "Opioids and the Labor Market," Working Papers 18-07R3, Federal Reserve Bank of Cleveland, revised 14 Jul 2022.
- Dionissi Aliprantis & Kyle Fee & Mark E. Schweitzer, 2019. "Opioids and the Labor Market," Working Papers 18-07R, Federal Reserve Bank of Cleveland.
- Younjun Kim & Eric Thompson, 2021. "Routine-Biased Technological Change and Declining Employment Rate of Immigrants," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(3), pages 319-353, June.
- David Wiczer & Amanda Michaud, 2017.
"The Disability Option: Labor Market Dynamics with Macroeconomic and Health Risks,"
2017 Meeting Papers
1459, Society for Economic Dynamics.
- Amanda Michaud & David Wiczer, 2018. "The Disability Option: Labor Market Dynamics with Macroeconomic and Health Risks," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20187, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
- Amanda Michaud & David Wiczer, 2018. "The Disability Option: Labor Market Dynamics with Macroeconomic and Health Risks," Department of Economics Working Papers 18-12, Stony Brook University, Department of Economics.
- Ben Etheridge & Aitor Irastorza-Fadrique & Michael J. Böhm, 2024. "The impact of labour demand shocks when occupational labour supplies are heterogeneous," IFS Working Papers W24/28, Institute for Fiscal Studies.
- Jay Hyun & Ziho Park & Vladimir Smirnyagin, 2021. "Import Competition and Firms’ Internal Networks," Working Papers 21-28, Center for Economic Studies, U.S. Census Bureau.
- Groshen, Erica L. & Holzer, Harry J., 2019. "Improving Employment and Earnings in 21st Century Labor Markets: An Introduction," IZA Discussion Papers 12776, Institute of Labor Economics (IZA).
- Nolan, Brian & Richiardi, Matteo & Valenzuela, Luis, 2018.
"The Drivers of Inequality in Rich Countries,"
INET Oxford Working Papers
2018-15, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
- Nolan, Brian & Richiardi, Matteo & Valenzuela, Luis, 2018. "The Drivers of Inequality in Rich Countries," MPRA Paper 89806, University Library of Munich, Germany.
- Francisco Perez-Arce & Maria J. Prados & Tarra Kohli, 2018. "The Decline in the U.S. Labor Force Participation Rate," Working Papers wp385, University of Michigan, Michigan Retirement Research Center.
- Ariel J. Binder & John Bound, 2019.
"The Declining Labor Market Prospects of Less-Educated Men,"
Journal of Economic Perspectives, American Economic Association, vol. 33(2), pages 163-190, Spring.
- Ariel J. Binder & John Bound, 2019. "The Declining Labor Market Prospects of Less-Educated Men," NBER Working Papers 25577, National Bureau of Economic Research, Inc.
- Faber, Marius & Sarto, Andrés & Tabellini, Marco, 2021.
"Local Shocks and Internal Migration: The Disparate Effects of Robots and Chinese Imports in the US,"
IZA Discussion Papers
14623, Institute of Labor Economics (IZA).
- Tabellini, Marco & Faber, Marius & Sarto, Andres, 2021. "Local Shocks and Internal Migration: The Disparate Effects of Robots and Chinese Imports in the US," CEPR Discussion Papers 16460, C.E.P.R. Discussion Papers.
- Marius Faber & Andrés P. Sarto & Marco Tabellini, 2022. "Local Shocks and Internal Migration: The Disparate Effects of Robots and Chinese Imports in the US," NBER Working Papers 30048, National Bureau of Economic Research, Inc.
- Marius Faber, 2021. "Local Shocks and Internal Migration: The Disparate Effects of Robots and Chinese Imports in the US," RF Berlin - CReAM Discussion Paper Series 2124, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
- Georg Graetz, 2019.
"Labor Demand in the Past, Present, and Future,"
European Economy - Discussion Papers
114, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Georg Graetz, 2020. "Labor Demand in the Past, Present and Future," CESifo Working Paper Series 8234, CESifo.
- Graetz, Georg, 2020. "Labor Demand in the Past, Present, and Future," IZA Discussion Papers 13142, Institute of Labor Economics (IZA).
- Graetz, Georg, 2020. "Labor demand in the past, present and future," LSE Research Online Documents on Economics 108424, London School of Economics and Political Science, LSE Library.
- Georg Graetz, 2020. "Labor demand in the past, present and future," CEP Discussion Papers dp1683, Centre for Economic Performance, LSE.
- Lisa Barrow & Diane W. Schanzenbach & Bea Rivera, 2024.
"Work, Poverty, and Social Benefits over the Past Three Decades,"
The ANNALS of the American Academy of Political and Social Science, , vol. 711(1), pages 100-120, January.
- Lisa Barrow & Bea Rivera & Diane Whitmore Schanzenbach, 2024. "Work, Poverty, and Social Benefits Over the Past Three Decades," Working Papers 24-22, Federal Reserve Bank of Cleveland.
- Daiji Kawaguchi & Keisuke Kawata & Takahiro Toriyabe, 2021. "An Assessment of Abenomics from the Labor Market Perspective," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(2), pages 247-278, July.
- Margarida Duarte, 2020. "Services and the Decline of the U.S. Employment-to-Population Ratio," Working Papers tecipa-653, University of Toronto, Department of Economics.
- Wolcott, Erin L., 2021.
"Employment inequality: Why do the low-skilled work less now?,"
Journal of Monetary Economics, Elsevier, vol. 118(C), pages 161-177.
- Erin Wolcott, 2018. "Employment Inequality: Why Do the Low-Skilled Work Less Now?," 2018 Meeting Papers 487, Society for Economic Dynamics.
- KIKUCHI Shinnosuke & KITAO Sagiri, 2020. "Welfare Effects of Polarization: Occupational Mobility over the Life-cycle," Discussion papers 20043, Research Institute of Economy, Trade and Industry (RIETI).
- Richard Blundell & James P. Ziliak & Hugo Lopez, 2023.
"Labour market inequality and the changing life cycle profile of male and female wages,"
IFS Working Papers
W23/16, Institute for Fiscal Studies.
- Richard Blundell & Hugo Lopez & James P. Ziliak, 2024. "Labour market inequality and the changing life cycle profile of male and female wages," IFS Working Papers W24/13, Institute for Fiscal Studies.
- Thomas C. Buchmueller & Helen Levy & Robert G. Valletta, 2021.
"Medicaid Expansion and the Unemployed,"
Journal of Labor Economics, University of Chicago Press, vol. 39(S2), pages 575-617.
- Thomas C. Buchmueller & Helen Levy & Robert G. Valletta, 2019. "Medicaid Expansion and the Unemployed," Working Paper Series 2019-29, Federal Reserve Bank of San Francisco.
- Thomas C. Buchmueller & Helen G. Levy & Robert G. Valletta, 2019. "Medicaid Expansion and the Unemployed," NBER Working Papers 26553, National Bureau of Economic Research, Inc.
- Buchmueller, Thomas C. & Levy, Helen & Valletta, Robert G., 2019. "Medicaid Expansion and the Unemployed," IZA Discussion Papers 12842, Institute of Labor Economics (IZA).
- Jeremy Greenwood & Nezih Guner & Karen A. Kopecky, 2022.
"Substance Abuse during the Pandemic: Implications for Labor-Force Participation,"
Working Papers
1335, Barcelona School of Economics.
- Jeremy Greenwood & Nezih Guner & Karen Kopecky, 2022. "Substance Abuse during the Pandemic: Implications for Labor-Force Participation," NBER Working Papers 29932, National Bureau of Economic Research, Inc.
- Greenwood, Jeremy & Guner, Nezih & Kopecky, Karen, 2022. "Substance Abuse during the Pandemic: Implications for Labor-Force Participation," CEPR Discussion Papers 17137, C.E.P.R. Discussion Papers.
- Jeremy Greenwood & Nezih Guner & Karen A. Kopecky, 2022. "Substance Abuse during the Pandemic: Implications for Labor-Force Participation," Economie d'Avant Garde Research Reports 35, Economie d'Avant Garde.
- Jeremy Greenwood & Nezih Guner & Karen Kopecky, 2022. "Substance Abuse during the Pandemic: Implications for Labor-Force Participation," PIER Working Paper Archive 22-014, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- David H. Bernstein & Andrew B. Martinez, 2021.
"Jointly Modeling Male and Female Labor Participation and Unemployment,"
Econometrics, MDPI, vol. 9(4), pages 1-14, December.
- David H. Bernstein & Andrew B. Martinez, 2021. "Jointly Modeling Male and Female Labor Participation and Unemployment," Working Papers 2021-006, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
- Matilde Bombardini & Andres Gonzalez-Lira, 2024. "The Increasing Cost of Buying American," CESifo Working Paper Series 11339, CESifo.
- Han, Jeehoon, 2022. "The impact of SNAP work requirements on labor supply," Labour Economics, Elsevier, vol. 74(C).
- Holzer, Harry J., 2023. "Can Workforce Development Help Us Reach Full Employment?," IZA Discussion Papers 16624, Institute of Labor Economics (IZA).
- Kazuo Mino & Hiroaki Sasaki, 2023. "Population Aging and Income Inequality in a Semi-Endogenous Growth Model," KIER Working Papers 1096, Kyoto University, Institute of Economic Research.
- Graetz, Georg, 2020. "Technological change and the Swedish labor market," Working Paper Series 2020:19, IFAU - Institute for Evaluation of Labour Market and Education Policy.
- Ray C. Fair, 2018. "Explaining the slow U.S. recovery: 2010–2017," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 53(4), pages 184-194, October.
- Leonardo Ciambezi & Mattia Guerini & Mauro Napoletano & Andrea Roventini, 2023.
"Accounting for the Multiple Sources of Inflation: an Agent-Based Model Investigation,"
GREDEG Working Papers
2023-14, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, revised Jun 2024.
- Leonardo Ciambezi & Mattia Guerini & Mauro Napoletano & Andrea Roventini, 2024. "Accounting for the Multiple Sources of Inflation: an Agent-Based Model Investigation," LEM Papers Series 2024/15, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Steven C. Deller, 2022. "Access to health care and rural worker productivity," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(2), pages 722-741, June.
- Stefania Albanesi & Maria Jose Prados, 2022. "Slowing Women’s Labor Force Participation: The Role of Income Inequality," Working Papers 2022-037, Human Capital and Economic Opportunity Working Group.
- Jeremy Greenwood & Nezih Guner & Karen A. Kopecky, 2022. "Did Substance Abuse during the Pandemic Reduce Labor Force Participation?," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2022(5), May.
- Purvi Sevak & Steven Bruns, "undated". "What Have We Learned About SSI Receipt Among Children?," Mathematica Policy Research Reports 34b2794f49ce4f8ca28c3e314, Mathematica Policy Research.
- Wang, Zhenggang & Wu, Zenan & Yuan, Ye, 2024. "We’ve got you covered! The effect of public health insurance on rural entrepreneurship in China," Journal of Public Economics, Elsevier, vol. 235(C).
- Luisa Gagliardi,, "undated".
"The World’s Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries,"
RF Berlin - CReAM Discussion Paper Series
2317, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
- Gagliardi, Luisa & Moretti, Enrico & Serafinelli, Michel, 2023. "The World’s Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries," CEPR Discussion Papers 18655, C.E.P.R. Discussion Papers.
- Jaison R. Abel & Richard Deitz, 2024. "The Long-Term Rise of Labor Market Detachment: Evidence from Local Labor Markets," Staff Reports 1138, Federal Reserve Bank of New York.
- Lerman, Robert I. & Loprest, Pamela J. & Kuehn, Daniel, 2020. "Training for Jobs of the Future: Improving Access, Certifying Skills, and Expanding Apprenticeship," IZA Policy Papers 166, Institute of Labor Economics (IZA).
- Tomaz Cajner & John Coglianese & Joshua Montes, 2021. "The Long-Lived Cyclicality of the Labor Force Participation Rate," Finance and Economics Discussion Series 2021-047, Board of Governors of the Federal Reserve System (U.S.).
- Ariane Aumaitre, 2022. "Three Tales of Gender Equality in a Post-Industrial World," LIS Working papers 849, LIS Cross-National Data Center in Luxembourg.
- Graham, Carol & Pinto, Sergio, 2021. "The geography of desperation in America: Labor force participation, mobility, place, and well-being," Social Science & Medicine, Elsevier, vol. 270(C).
- Holzer, Harry J., 2019. "The US Labor Market in 2050: Supply, Demand and Policies to Improve Outcomes," IZA Policy Papers 148, Institute of Labor Economics (IZA).
- Robert Bernhardt & David Munro & Erin L. Wolcott, 2024. "How does the dramatic rise of nonresponse in the Current Population Survey impact labor market indicators?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(3), pages 498-512, April.
- Bastian, Jacob E. & Jones, Maggie R., 2021. "Do EITC expansions pay for themselves? Effects on tax revenue and government transfers," Journal of Public Economics, Elsevier, vol. 196(C).