<div class="csl-bib-body">
<div class="csl-entry">Garstenauer, V., & Siassi, N. (2022, July 13). <i>On the Optimal Reform of Income Support for Married Couples with Children</i> [Conference Presentation]. 15th Viennese Conference on Optimal Control and Dynamic Games, Wien, Austria.</div>
</div>
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dc.identifier.uri
http://hdl.handle.net/20.500.12708/113056
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dc.description
We characterize the optimal reform of U.S. income support for non-college educated couples with children. We develop a heterogeneous-agents model with uninsurable idiosyncratic productivity, fertility and child care risk, and incomplete asset markets. In our model, married couples evolve through a life cycle and make optimal consumption-savings and labor supply decisions. We calibrate the model using microeconomic household survey data from the Current Population Survey. Importantly, our model matches salient data moments on participation rates, the level and dispersion of hours worked, earnings, and expenditures on child care. Using our calibrated model, we then assess welfare-enhancing reforms to the current U.S. tax-transfer system. Our preliminary findings indicate that there is ample room to improve the well-being for low-income families. For instance, treating individuals instead of households as the relevant units of taxation allows the policymaker to lower participation tax rates for secondary earners and render the trade-off between guaranteed income and work incentives more favorable.
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dc.description.sponsorship
Österreichische Nationalbank, Jubiläumsfonds
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dc.language.iso
en
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dc.subject
Income Support
en
dc.title
On the Optimal Reform of Income Support for Married Couples with Children
en
dc.type
Presentation
en
dc.type
Vortrag
de
dc.relation.grantno
18646
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dc.type.category
Conference Presentation
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tuw.publication.invited
invited
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tuw.project.title
Zur Optimalen Gestaltung der Steuer- und Sozialpolitik für Einkommensschwache Haushalte
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tuw.researchTopic.id
A4
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tuw.researchTopic.name
Mathematical Methods in Economics
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tuw.researchTopic.value
100
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tuw.publication.orgunit
E105-03 - Forschungsbereich Ökonomie
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tuw.author.orcid
0000-0001-6347-5239
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tuw.event.name
15th Viennese Conference on Optimal Control and Dynamic Games
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tuw.event.startdate
12-07-2022
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tuw.event.enddate
15-07-2022
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tuw.event.online
On Site
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tuw.event.type
Event for scientific audience
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tuw.event.place
Wien
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tuw.event.country
AT
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tuw.event.institution
TU Wien, Institute of Statistics and Mathematical Methods in Economics, Variational Analysis, Dynamics and Operations Research (VADOR)
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tuw.event.presenter
Siassi, Nawid
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wb.sciencebranch
Wirtschaftswissenschaften
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wb.sciencebranch.oefos
5020
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wb.sciencebranch.value
100
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item.openairetype
Presentation
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item.openairetype
Vortrag
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item.grantfulltext
none
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item.cerifentitytype
Publications
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item.cerifentitytype
Publications
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item.languageiso639-1
en
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item.openairecristype
http://purl.org/coar/resource_type/c_18cf
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item.openairecristype
http://purl.org/coar/resource_type/c_18cf
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item.fulltext
no Fulltext
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crisitem.project.funder
Österreichische Nationalbank, Jubiläumsfonds
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crisitem.project.grantno
18646
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crisitem.author.dept
E105-03 - Forschungsbereich Ökonomie
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crisitem.author.dept
E105-03 - Forschungsbereich Ökonomie
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crisitem.author.orcid
0000-0001-6347-5239
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crisitem.author.parentorg
E105 - Institut für Stochastik und Wirtschaftsmathematik
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crisitem.author.parentorg
E105 - Institut für Stochastik und Wirtschaftsmathematik
