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RU Economics Seminar Series: The Redistribution Recession: Government Redistribution and the Labor Market

Event Date: 10/02/2013
4:30 PM - 6:00 PM

Location: AUD 720

The Department of Economics is sponsoring a talk with Casey B. Mulligan, Professor of Economics at the University of Chicago, titled "The Redistribution Recession: Government Redistribution and the Labor Market." Subsidies and regulations designed to help poor and unemployed were changed in more than a dozen ways after the 2007 market crash. Professor Mulligan argues that many of these changes were reasonable reactions to economic events, with the intention of helping people endure the recession. But they also reduced incentives for people to work and for businesses to hire. Mulligan measures the startling changes in tax rates that resulted from a labyrinth of new and expanded social safety net programs. He explains how redistribution in the forms of subsidies, taxes, and minimum-wage laws profoundly altered the path of the economy, making the recent recession one of the deepest and longest in decades. Open to all members of the Roosevelt University community. For more information, contact Professor Steve Ziliak