
Economics 101 teaches that it is a bad idea to design taxes that distort behavior. Yet the “No Tax on Overtime” provision in the One Big Beautiful Bill Act (OBBBA) – which is in effect from January 1, 2025 to December 31, 2028 – could cause behavior to change in two ways…
Moving from job to job allows workers to trade up to higher-paying employers. When I talk to relatives about my work as a labor economist, I get the sense that they think the younger generations are a bit fickle with respect to their jobs. At many family gatherings, I’ve heard some version of the sam…