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Gale, William G.

Works: 154 works in 342 publications in 1 language and 8,236 library holdings
Genres: Conference papers and proceedings  History 
Roles: Author, Editor, Illustrator, Owner, Honoree
Classifications: HD7125, 331.2520973
Publication Timeline
Publications about William G Gale
Publications by William G Gale
Most widely held works by William G Gale
Economic effects of fundamental tax reform ( Book )
11 editions published in 1996 in English and held by 644 libraries worldwide
The evolving pension system : trends, effects, and proposals for reform by William G Gale( Book )
12 editions published between 2002 and 2005 in English and held by 583 libraries worldwide
Publisher Fact Sheet
Rethinking estate and gift taxation ( Book )
5 editions published in 2001 in English and held by 452 libraries worldwide
Private pensions and public policies by William G Gale( Book )
15 editions published between 2001 and 2004 in English and held by 397 libraries worldwide
"The original versions of the contributions in this volume were presented at a conference at the Brookings Institution in September 2000"--Page 1
Automatic : changing the way America saves by William G Gale( Book )
10 editions published between 2009 and 2011 in English and held by 303 libraries worldwide
"Argues for a fresh approach to saving, simplified retirement planning, and managing risks associated with today's IRA environment. Calls for transformation of 401(k)s, incorporating features of defined benefit plans as automatic arrangements. Considers experiences of countries with automatic saving structures and presents proposals to implement similar features in this country"--Provided by publisher
Aging gracefully : ideas to improve retirement security in America ( Book )
4 editions published in 2006 in English and held by 243 libraries worldwide
The effects of tax-based saving incentives on saving and wealth by Eric M Engen( Book )
12 editions published in 1996 in English and held by 76 libraries worldwide
This paper evaluates research examining the effects of tax-based saving incentives on private and national saving. Several" factors make this an unusually difficult problem. First, households that participate in, or are eligible for, saving incentive plans have systematically stronger tastes for saving than other households. Second, the data indicate that households with saving incentives have taken on more debt than other households. Third, significant changes in the 1980s in financial markets, pensions, social security, and nonfinancial assets interacted with the expansion of saving incentives. Fourth, saving incentive accounts represent pre-tax balances, whereas conventional taxable accounts represent post-tax balances. Fifth, the fact that employer contributions to saving incentive plans are a part of total employee compensation is typically ignored. A major theme of this paper is that analyses that ignore these issues overstate the impact of saving incentives on saving. We show that accounting for these factors largely or completely eliminates the estimated positive impact of saving incentives on saving found in the literature. Thus, we conclude that little if any of the overall contributions to existing saving incentives have raised private or national saving. Portions of this article were published in the JEP, 1996, under title of "The Illusory Effects of Saving Incentives on Saving."
Perspectives on the budget surplus by Alan J Auerbach( Book )
14 editions published in 2000 in English and held by 74 libraries worldwide
This paper provides alternative measures of federal budget surpluses over 10-year and long-term horizons. Official baseline budget forecasts are based on a series of statutory requirements that may be at variance with reasonable expectation. More plausible notions of current policy toward discretionary spending, taxes and retirement trust funds imply that surpluses over the next 10 years will be substantially smaller than the baseline forecasts indicate. Properly accounting for long-term imbalances in social security and the rest of the budget implies that, under plausible definitions of current policy, the federal government faces a long-term shortfall
Rethinking the estate and gift tax : overview by William G Gale( Book )
13 editions published in 2001 in English and held by 69 libraries worldwide
This paper surveys, integrates, and extends research on estate and gift taxes. The paper begins with information on features of U.S. transfer taxes, characteristics of recent estate tax returns, the evolution of transfer taxes, the role of such taxes in other countries, and theory and evidence concerning why people give intergenerational transfers. The next sections examine the incidence, equity, and efficiency of transfer taxes. Subsequent sections cover administrative issues and the effects on saving, labor supply, entrepreneurship, inter vivos gifts, charitable contributions, and capital gains realizations. The paper closes with a discussion of policy options and a short conclusion
The effects of 401(k) plans on household wealth : differences across earnings groups by Eric M Engen( Book )
20 editions published in 2000 in English and held by 68 libraries worldwide
This paper provides a new econometric specification and new evidence on the impact of 401(k) plans on household wealth. We allow the impact of 401(k)s to vary over both time and earnings groups. Our specification--motivated by a variety of theoretical considerations and data patterns--generalizes earlier work in the literature, and we show that the modeling constraints imposed by previous authors are rejected by the data. Using data from 1987 and 1991 from the Survey of Income and Program Participation, we find that the effects of 401(k)s on household wealth vary significantly by earnings level. Our analysis implies that 401(k)s held by groups with low earnings, who hold a small portion of 401(k) balances, are more likely to represent additions to net wealth than 401(k)s held by high-earning groups, who hold the bulk of 401(k) assets. Overall, between 0 and 30 percent of 401(k) balances represent net additions to private saving in the sample period
Charitable bequests and taxes on inheritances and estates : aggregate evidence from across states and time by Jon M Bakija( Book )
12 editions published in 2003 in English and held by 54 libraries worldwide
One recurring issue in the debate over the estate tax is its impact on the non-profit sector. With the top marginal rate of federal estate tax currently at 49 percent, abolishing the tax would approximately double the price of a charitable bequest relative to an ordinary bequest for the wealthiest estates. It would also, however, raise the after-tax wealth of decedents, so the ultimate impact of any particular policy change depends in part on the relative sizes of the price and wealth elasticities. This paper estimates the impact of taxes on charitable bequests using an econometric framework that exploits the fact that federal and state tax rates on estates and inheritances have changed over time in different ways across states and real wealth levels. The effect of federal and state inheritance and estate taxes on charitable bequests is estimated using pooled cross-sectional data spanning several decades information from federal estate tax returns. Under several different specifications, we find evidence that the incentives for charitable giving present in state and federal estate and inheritance taxes have a strong positive effect on charitable bequests. Our estimates that rely on differences in the time path of state and federal tax rates across groups provide a more credible source of identification than the previous literature of a large and significant price elasticity of charitable bequests
Collateral, rationing, and government intervention in credit markets by William G Gale( Book )
11 editions published between 1988 and 1989 in English and held by 49 libraries worldwide
Abstract: This paper analyzes the effects of government intervention in credit markets when lenders use collateral, interest, and the probability of granting a loan as potential screening devices. Equilibria with and without rationing are examined. The principal theme is that credit policies operate through their effect on the incentive compatibility constraint, which inhibits high-risk borrowers from mimicking the behavior of low-risk borrowers. Any policy that loosens (tightens) the constraint raises (reduces) efficiency. Most government credit programs explicitly attempt to fund investors that cannot obtain private financing. In the model presented here, these subsidies increase the extent of rationing and reduce efficiency. In contrast, policies that subsidize the nonrationed borrowers, or all borrowers, are efficiency enhancing, and reduce the extent of rationing
Brookings-Wharton papers on urban affairs, 2000 ( Book )
2 editions published in 2000 in English and held by 45 libraries worldwide
Brookings-Wharton papers on urban affairs, 2001 ( Book )
1 edition published in 2001 in English and held by 38 libraries worldwide
Brookings-Wharton papers on urban affairs, 2004 ( Book )
1 edition published in 2004 in English and held by 37 libraries worldwide
Brookings-Wharton papers on urban affairs, 2002 ( Book )
1 edition published in 2002 in English and held by 29 libraries worldwide
Activist fiscal policy to stabilize economic activity by Alan J Auerbach( Book )
8 editions published between 2009 and 2010 in English and held by 15 libraries worldwide
We review the evidence on the practice and effects of discretionary fiscal policy, particularly in the context of recent efforts to stimulate the economy, reaching two main conclusions. First, policy interventions have increased in this decade, pre-dating the 2009 stimulus. Second, despite a large economic literature on the topic, the state of theory and evidence is not as "shovel ready" as one would like. Although consumption and investment clearly respond to tax incentives and structural vector autoregressions show that lower taxes and higher government purchases can boost output, it is difficult to apply the findings in the current context, in part because multipliers and policy lags are likely to vary with economic conditions. Dynamic stochastic general equilibrium models can be adapted to address extreme economic conditions, but yield an extremely wide range of predicted impacts. The experience from large downturns - the U.S. Great Depression and the Japanese Lost Decade - is illuminating, but provides little evidence about policy effectiveness because systematic and sustained fiscal interventions were not attempted in either case
Taxing government in a national retail sales tax ( file )
1 edition published in 1998 in English and held by 0 libraries worldwide
Six Tax Laws Later: How Individuals' Marginal Federal Income Tax Rates Changed between 1980 and 1995 by Leonard Burman( file )
2 editions published in 1998 in English and held by 0 libraries worldwide
The authors examine the evolution of marginal federal income tax rates from 1980 to 1995 using panel and cross-section data. Results show that marginal rates fell dramatically for most taxpayers between 1980 and 1995. Whereas more than three-quarters of taxpayers faced statutory tax rates above 15 percent in 1980, less than one-quarter of taxpayers were in that situation in 1995. Individuals' tax rates also rose and fell due to life-cycle changes in income. Young people (ages 30-44) were twice as likely to experience tax rate increases as older taxpayers. Nonetheless, the majority of taxpayers in every age group experienced rate reductions. The large tax rate cuts in 1981 and 1986 clearly dominate life-cycle effects
How the Growing Gap in Life Expectancy May Affect Retirement Benefits and Reforms by Alan J Auerbach( file )
3 editions published in 2017 in English and held by 0 libraries worldwide
Older Americans have experienced dramatic gains in life expectancy in recent decades, but an emerging literature reveals that these gains are accumulating mostly to those at the top of the income distribution. We explore how growing inequality in life expectancy affects lifetime benefits from Social Security, Medicare, and other programs and how this phenomenon interacts with possible program reforms. We first project that life expectancy at age 50 for males in the two highest income quintiles will rise by 7 to 8 years between the 1930 and 1960 birth cohorts, but that the two lowest income quintiles will experience little to no increase over that time period. This divergence in life expectancy will cause the gap between average lifetime program benefits received by men in the highest and lowest quintiles to widen by $130,000 (in $2009) over this period. Finally we simulate the effect of Social Security reforms such as raising the normal retirement age and changing the benefit formula to see whether they mitigate or enhance the reduced progressivity resulting from the widening gap in life expectancy
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Alternative Names
Gale, W.
Gale, W. G.
Gale, William
Gale, William Glenn
William G. Gale American economist
William G. Gale economista estadounidense
English (163)
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