What is "family income" and how does its definition and measurement affect estimates of income inequality in the United States? Nancy Folbre addresses these questions in a brief research note published by Washington Center for Equitable Growth. In the essay, she explains how the value of non-market work and intra-family transfers (typically omitted from consideration) lead to significant differences in the living standards of families with exactly the same market income.

This paper by Robert Pollin, James Heintz, and Thomas Herndon estimates the revenue potential of a financial transaction tax (FTT) for U.S. financial markets, specifically the Inclusive Prosperity Act now before Congress.  It considers three sets of evidence: the levels of transaction costs in U.S. financial markets; the range of potential trading elasticities; and the current level of market trading. The paper finds that net revenue potential is around $220 billion per year, equaling approximately 1.2 percent of current U.S. GDP. The paper also considers the impact of the tax on broader macroeconomic conditions. This is a revised draft of a 2016 Working Paper.

Judy Fogg has been an integral part of everything PERI has done, beginning in 2001 and continuing right up to her retirement at the end of this past June.  Her levels of both competence and commitment to PERI were always phenomenal.  Even more important, Judy has been a great friend to everyone who was fortunate enough to engage with her in any capacity at PERI.  We will miss Judy greatly, but wish her only the best in all the many things she will be pursuing now that she is unchained from the PERI shackles.