Tag: The Poverty Trap

  • The Poverty Trap

    Greg Mankiw's Blog: The Poverty Trap Chapter 20 of my favorite textbook has a section on antipoverty programs and work incentives. One basic point is that when multiple income-based programs are piled on top on one another, the implicit marginal tax rate can reach or even exceed 100 percent. The chart above (source, via Kling)…