Guillermo Alves

@guillealves.bsky.social

Urban and Development Economics. Research Economist at CAF Development Bank of Latin America and the Caribbean. Personal opinions here. https://sites.google.com/site/guillealves

"Audits of high-income taxpayers are more costly, but the additional revenue raised more than offsets the costs...the returns to marginal audits...exceed the returns to average audits...Deterrence...results in the 12:1 return above the 90th percentile." academic.oup.com/qje/article/...

A Welfare Analysis of Tax Audits Across the Income Distribution*

Abstract. We estimate the returns to IRS audits of taxpayers across the income distribution. We find an additional $1 spent auditing taxpayers above the 90

academic.oup.com

📢Just released: Results of PIAAC round 2⃣, the Programme for the International Assessment of Adult Competencies📝 11 years after round 1⃣, we learn how adults in 31 countries perform in literacy, numeracy + problem-solving How does your country do? 👉https://www.oecd.org/en/about/programmes/piaac.html

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Mexicans are able to correctly estimate the magnitude of income inequality in the country but they overestimate (by a lot) the degree of intergeneracional mobility in the country. From the presentation by Aurora Ramírez

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The two most salient innovations to automobiles — EVs and autonomous vehicles — both make congestion pricing valuable: EVs will dry up gas revenues on which DOTs rely. While AVs will drastically increase vehicle miles traveled so everything will get congested absent pricing

There are several reasons to be sceptical about the misallocation literature (which does not show but generally assumes that policy-induced distortions generate the wedges) but an underrated one is simply historical. The USA in the 19th century also had lots of 'misallocation'....

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