Lec_21_safety

Lec_21_safety - TA names and codes Mon 4-4:50 (first half)...

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1 Vinny Alladi 283 Mon 4-4:50 (first half) Ayal Chen-Zion 288 Fri 5-5:50 Soojin Jo 110 Fri 4-4:50 Martha Gimbel 292 Wed 5-5:50 Roy Allen 284 Wed 3-3:50 Matthew Louie 314 Mon 10-10:50 Michael Sharifi 305 Mon 4-4:50 (second half) (1) Bubble in TA code beginning with left column (2) Use 2 forms if you interacted with 2 TAs (3) Please separately complete CAPE evaluation for Professor Hamilton online TA names and codes Rough grading scale for second exam: • A: 85-100 • B: 72-84 • C: 55-71 • D: 40-54 • F: below 40 • average score on first exam: 68 Your second exam can be picked up from your TA either after class on Monday November 21 or during their discussion section or office hours the week of Nov 21-23 Practice final reviewed week of Nov 28 – Dec 2 Chapter 13: Labor Markets, Poverty, and Income Distribution G. Measuring inequality H. Trends in inequality I. Policies for addressing inequality 1. Raising the minimum wage 2. Taxes 3. Direct assistance 4. Negative income tax Negative income tax: If your income is Y , your tax is -$10,000 + 0.25 x Y 85,000 15,000 100,000 47,500 2,500 50,000 19,000 -7,000 12,000 14,500 -8,500 6,000 10,000 -10,000 0 after-tax income taxes owed wage income 0.15 85,000 15,000 100,000 0.05 47,500 2,500 50,000 0 19,000 -7,000 12,000 0 14,500 -8,500 6,000 0 10,000 -10,000 0 average tax rate after-tax income taxes owed wage income
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2 0.25 0.15 85,000 15,000 100,000 0.25 0.05 47,500 2,500 50,000 0.25 0 19,000 -7,000 12,000 0.25 0 14,500 -8,500 6,000 0.25 0 10,000 -10,000 0 marginal tax rate average tax rate after-tax income taxes owed wage income Potential advantage of negative income tax: redistributes income to poorer household without weakening work incentives Potential drawback: making sure resources support children’s basic needs (food stamps, Medicaid)
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Lec_21_safety - TA names and codes Mon 4-4:50 (first half)...

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