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2021•RePEc: Research Papers in EconomicsRequires access

How Changes in the Distribution of Earnings Affect the Federal Deficit: Working Paper 2021-12

Brooks Pierce

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Abstract

This paper by the Congressional Budget Office examines how the federal budget deficit would have differed in 2018 under four scenarios that vary the distribution of labor earnings while leaving aggregate earnings unchanged. The scenarios were constructed to isolate the budgetary effects of changes in the distribution of earnings and do not reflect an assessment of policies that would change the distribution of earnings.CBO estimates that substantial changes in the distribution of earnings would have relatively modest effects on the deficit because of the

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This paper by the Congressional Budget Office examines how the federal budget deficit would have differed in 2018 under four scenarios that vary the distribution of labor earnings while leaving aggregate earnings unchanged. The scenarios were constructed to isolate the budgetary effects of changes in the distribution of earnings and do not reflect an assessment of policies that would change the distribution of earnings.CBO estimates that substantial changes in the distribution of earnings would have relatively modest effects on the deficit because of the

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Available abstract

This paper by the Congressional Budget Office examines how the federal budget deficit would have differed in 2018 under four scenarios that vary the distribution of labor earnings while leaving aggregate earnings unchanged. The scenarios were constructed to isolate the budgetary effects of changes in the distribution of earnings and do not reflect an assessment of policies that would change the distribution of earnings.CBO estimates that substantial changes in the distribution of earnings would have relatively modest effects on the deficit because of the

Key concepts: Earnings, Distribution (mathematics), Federal budget, Affect (linguistics), Economics, Deficit spending, Labour economics, Demographic economics

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