Chapters on Social Security, unemployment insurance, and Medicare are rewritten to reflect the 2023 COLA adjustments and the trust fund depletion estimates. Gruber asks: "Does social insurance crowd out private savings?" The updated answer includes evidence from the Great Resignation.
Options range from direct provision of services (like public schools) to financial incentives (taxes and subsidies) or mandates. What is the effect of those interventions? What is the effect of those interventions
: The book analyzes the trade-offs between efficiency and fairness in tax systems, covering income, corporate, and consumption taxes. Key Updates in the 7th Edition and Disability Insurance.
Gruber provides an exhaustive look at Social Security, Unemployment Insurance, and Disability Insurance. He weighs the "consumption smoothing" benefits—helping people stay afloat during hard times—against the "moral hazard" of potentially discouraging work. Chapters on Social Security