Raj Chetty

List Papers Chronologically

Taxation of Individuals

• Bounds on Elasticities with Optimization Frictions: A Reconciliation of Micro and Macro Labor Supply Elasticities
  October 2009
  
  (1) Manuscript (2) Slides
• The Effect of Adjustment Costs and Institutional Constraints on Labor Supply Elasticities: Evidence from Denmark
  (with John Friedman, Tore Olsen, and Luigi Pistaferri), July 2009
  
  (1) Manuscript (2) Slides
• Teaching the Tax Code: Earnings Responses to an Experiment with EITC Recipients
  (with Emmanuel Saez) May 2009

• Optimal Taxation and Social Insurance with Endogenous Private Insurance
  (with Emmanuel Saez), forthcoming American Economic Journal: Economic Policy
  
  (1) Manuscript (2) NBER wp 14403 with additional results (3) Data and Code
• Sufficient Statistics for Welfare Analysis: A Bridge Between Structural and Reduced-Form Methods
  Annual Review of Economics 1: 451-488, 2009
  
  (1) Manuscript (2) Slides
• Is the Taxable Income Elasticity Sufficient to Calculate Deadweight Loss? The Implications of Evasion and Avoidance
  American Economic Journal : Economic Policy 1 (2): 31-52, 2009
• Salience and Taxation: Theory and Evidence
  (with Adam Looney and Kory Kroft) American Economic Review 99(4): 1145-1177, Sep. 2009
  (1) Manuscript (2) Web Appendix (3) Slides (4) Data and code (5) NBER wp 13330: older version with bounded rationality model
• The Simple Economics of Salience and Taxation
  NBER working paper # 15246, August 2009

Corporate Taxation

• Dividend and Corporate Taxation in an Agency Model of the Firm
  (with Emmanuel Saez), revised August 2009 NBER wp 13538
  
  (1) Manuscript (2) NBER wp 13538: An Agency Theory of Dividend Taxation [older version with additional results]
• Interest Rates, Irreversibility, and Backward-Bending Investment
  Review of Economic Studies, 74(1): 67-91, 2007
• 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
• 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
• Dividend Taxes and Corporate Behavior: Evidence from the 2003 Dividend Tax Cut
  (with Emmanuel Saez), Quarterly Journal of Economics, 120(3): 791-833, 2005.
  (1) Manuscript (2) Slides (3) Stata code and hand-collected institutional and executive ownership data (4) NBER wp with additional results
  (5) Results updated to 2006Q2

Social Insurance

• Moral Hazard vs. Liquidity and Optimal Unemployment Insurance
  Journal of Political Economy, 116(2): 173-234, 2008.
  (1) Manuscript (2) Slides (3) Erratum (4) Data, stata code, and unemployment benefit calculator (5) Search model simulation code
• 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, 2007.
  
  (1) Manuscript (2) Slides (3) NBER wp with additional results
• 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.
  (1) Manuscript (2) Slides (3) NBER wp with additional results
• 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 East Asia: NBER East Asia Seminar on Economics 16, Chicago, University of Chicago Press, 2007
• A General Formula for the Optimal Level of Social Insurance
  Journal of Public Economics, 90:  1879-1901, 2006
  
  (1) Manuscript (2) Slides
• Consumption Smoothing and the Welfare Consequences of Social Insurance in Developing Economies
  (with Adam Looney), Journal of Public Economics, 90: 2351-2356, 2006
  
  (1) Manuscript (2) Slides
• Optimal Unemployment Insurance When Income Effects are Large
  NBER working paper #10500, May 2004

Risk Preferences

• The Effect of Housing on Portfolio Choice
  (with Adam Szeidl), July 2009
  
  (1) Manuscript (2) Slides
• Consumption Commitments and Risk Preferences
  (with Adam Szeidl), Quarterly Journal of Economics, 122(2): 831-877, 2007
• Do Consumption Commitments Affect Risk Preferences? Evidence from Portfolio Choice
  (with Adam Szeidl), November 2007
• A New Method of Estimating Risk Aversion
  American Economic Review, 96(5), 1821-1834, December 2006
• Consumption Commitments: Neoclassical Foundations for Habit Formation
  (with Adam Szeidl), October 2005
• Consumption Commitments, Unemployment Durations, and Local Risk Aversion
  NBER working paper # 10211, December 2003
• When do Countercyclical Policies Increase Economic Stability?
  September 2001