RAJ CHETTY
Associate
Professor
Department of Economics
E-mail: chetty
@ econ.berkeley.edu
Phone: (510) 643-0708
Fax: (510) 643-0413
Working Papers
Optimal Taxation and Social Insurance with Crowdout of Private Insurance (with Emmanuel Saez), preliminary version, June 2008
Salience and Taxation: Theory and Evidence
(with Adam Looney and Kory Kroft),
resubmitted, American Economic Review
[new version: May 2008]
[Data and code for alcohol tax analysis here][Older NBER wp 13330 with bounded rationality model here]
Is the Taxable Income Elasticity Sufficient to Calculate Deadweight Loss? The Implications of Evasion and Avoidance, February 2008
An Agency Theory of
Dividend Taxation (with Emmanuel Saez), NBER wp 13538, October 2007
Do Consumption
Commitments Affect Risk Preferences? Evidence from Portfolio Choice (with
Adam Szeidl), November 2007
Consumption
Commitments: Neoclassical Foundations for Habit Formation (with Adam Szeidl), October 2005
Published Papers
Moral Hazard vs. Liquidity and Optimal
Unemployment Insurance, Journal of
Political Economy 116(2): 173-234,
April 2008
[Data, stata code, and unemployment
benefit calculator here] [Matlab simulation code here]
Cash-on-Hand
and Competing Models of Intertemporal Behavior: New
Evidence from the Labor Market (with David Card and Andrea Weber), Quarterly Journal of Economics 122(4): 1511-1560, November 2007
[NBER working paper with additional results here]
Interest
Rates, Irreversibility, and Backward-Bending Investment, Review of
Economic Studies 74(1): 67-91,
2007
Consumption
Commitments and Risk Preferences (with Adam Szeidl),
Quarterly Journal of Economics,
122(2): 831-877, 2007
A New Method
of Estimating Risk Aversion, American Economic Review 96(5): 1821-1834, December 2006
Dividend
Taxes and Corporate Behavior: Evidence from the 2003 Dividend Tax Cut (with
Emmanuel Saez), Quarterly Journal of Economics
120(3): 791-833, 2005 [results updated to 2006Q2 here]
[NBER working paper with additional results here]
A General
Formula for the Optimal Level of Social Insurance, Journal of Public
Economics 90: 1879-1901, 2006
Consumption Smoothing and
the Welfare Consequences of Social Insurance in Developing Economies (with
Adam Looney), Journal
of Public Economics 90: 2351-2356, 2006
The Spike at Benefit
Exhaustion: Leaving the Unemployment System or Starting a New Job? (with David Card and Andrea Weber), American Economic
Review Papers and Proceedings 97:113-118,
2007
[NBER working paper with additional results here]
The Effects of the 2003 Dividend
Tax Cut on Corporate Behavior: Interpreting the Evidence (with Emmanuel Saez), American Economic Review Papers and Proceedings
96: 124-129, 2006
The Effects of
Taxes on Market Responses to Dividend Announcements and Payments: What Can We
Learn from the 2003 Dividend Tax Cut? (with Joseph Rosenberg and Emmanuel Saez), in eds. A. Auerbach, J.
Hines, and J. Slemrod, Taxing Corporate Income in
the 21st Century, Cambridge: Cambridge University Press, 1-33, 2007.
Income Risk
and the Benefits of Social Insurance: Evidence from Indonesia and the United
States (with Adam Looney), in eds. T. Ito and A. Rose, Fiscal Policy and
Management in
Older Manuscripts:
Consumption
Commitments, Unemployment Durations, and Local Risk Aversion, NBER wp 10211, December 2003
Optimal
Unemployment Insurance When Income Effects are Large, NBER wp 10500, May 2004
Countercyclical Policies and Economic Stability, September 2001