Sufficient Statistics for Welfare Analysis

Chetty, R. (2009). Sufficient Statistics for Welfare Analysis: A Bridge Between Structural and Reduced-Form Methods. Annual Review of Economics, 1, 451-488.

Type

Journal article

Intellectual base

Review or monograph

Year

2009

DOI

10.1146/annurev.economics.050708.142910

Link

https://doi.org/10.1146/annurev.economics.050708.142910

Cited from

economics_finance

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Deadweight Loss
  • Sufficient-statistics methodology: Chetty (2009)

    This sourceShows DWL can be estimated from reduced-form behavioral elasticities (e.g., taxable-income elasticity) without a full structural model — the sufficient-statistics approach now standard in applied tax-policy evaluation.

• Price Elasticity
  • However, Chetty, Looney, and Kroft (2009)

    This sourceModern sufficient-statistics methodology for DWL estimation.

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