Over the next several decades, the United States will face the largest set of intergenerational wealth transfers in its history. Appropriately taxing these wealth flows can help raise revenue, improve the tax system’s equity, drive more equal opportunity, and reduce the role of family dynasties in the economy.
In new research, William G. Gale, Oliver Hall, and John Sabelhaus shed light on the unequal distribution of inheritance wealth and investigate the effects of three options for wealth transfer taxes.
Ending the scourge of maternal mortality. The third U.N. sustainable development goal commits countries to reduce their maternal mortality rate to less than 70 per 100,000 live births by 2030. With the world projected to fall short of this target, Anne-Marie Slaughter and Mary-Ann Etiebet share an innovative strategy to approach the problem.
Transforming America’s public sector workforce. Recently, there has been momentum for removing unnecessary degree requirements from public and private sector jobs. Papia Debroy and co-authors highlight how states are valuing public sector workers “skilled through alternative routes” and discuss the implications for the broader workforce.
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