RAJ CHETTY
Professor
Department of Economics
E-mail: chetty @ econ.berkeley.edu
Phone: (510) 643-0708
Fax: (510) 643-0413
Working Papers
The Effect of
Adjustment Costs and Institutional Constraints on Labor Supply Elasticities:
Evidence from Denmark (with John Friedman, Tore Olsen, Luigi Pistaferri,
and Anders Frederiksen), June 2009. Slides
Bounds on Elasticities
with Optimization Frictions: An Application to Taxation and Labor Supply, April 2009
Teaching the Tax Code:
Earnings Responses to an Experiment with EITC Recipients (with Emmanuel
Saez), March 2009
Optimal Taxation and Social Insurance
with Endogenous Private Insurance (with Emmanuel Saez), revised October
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
Sufficient Statistics
for Welfare Analysis: A Bridge Between Structural and Reduced-Form Methods, forthcoming Annual Review of Economics. Slides
Salience and Taxation: Theory and Evidence
(with Adam Looney and Kory Kroft), forthcoming American Economic Review. Web Appendix. Slides.
[Data and code here][Older version (NBER wp 13330)
with bounded rationality model here]
Is the Taxable Income Elasticity Sufficient to Calculate Deadweight Loss? The Implications of Evasion and Avoidance, forthcoming American Economic Journal – Economic Policy
Moral Hazard vs. Liquidity and Optimal
Unemployment Insurance, Journal of Political
Economy 116(2): 173-234, 2008. Slides. Erratum.
[Data, stata code, and unemployment benefit calculator here] [Search model 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, 2007
Slides. [NBER wp
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
Slides.
[Stata code and
hand-collected institutional and executive ownership data here] [NBER wp with additional
results here] [results updated to
2006Q2 here]
A General
Formula for the Optimal Level of Social Insurance, Journal of Public
Economics 90: 1879-1901, 2006. Slides.
Consumption Smoothing and
the Welfare Consequences of Social Insurance in Developing Economies (with
Adam Looney), Journal
of Public Economics 90: 2351-2356, 2006.
Slides.
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 Slides.
[NBER wp 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 East Asia: NBER East Asia Seminar on Economics 16, Chicago:
University of Chicago Press, 2007.
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