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C.4. Tax Credits – A long-standing proposal to increase employment is to use the tax system to provide corporations incentives to hire more staff (Spence and Hlatshwayo 2011). For example, Alan Blinder, former vice-chairman of the Federal Reserve, has proposed giving corporations a tax credit equal to ten percent of the increase in their wage funds over the previous yr (Blinder 2013). Other consultants have proposed using tax policy to profit young individuals who could also be disproportionately affected by technological unemployment (Sachs and Kotlikoff 2012).
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Utilizing this method, we estimate R0 for all fields of research in the United States. (We assume the common career period to be 20 years. 15 We use 2012-2013 knowledge from the Faculty and University Skilled Association for Human Resources (CUPA-HR), which reviews the variety of tenured and tenure-track college at 794 establishments within the United States. sixteen We additionally use data from the National Middle for Education Statistics‘ Built-in Postsecondary Education Information System, which has the number of Ph.D.’s awarded in 2012 at those same institutions. We group disciplines by their Classification of Tutorial Packages (CIP) code, 17 a taxonomic scheme devised by the Nationwide Middle for Education Statistics to track fields of examine. Figure 1 shows that R0 varies considerably throughout the broad disciplines listed.
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