The Policy Elasticity

Nathaniel Hendren

NBER Working Paper No. 19177
Issued in June 2013, Revised in January 2014

---- Acknowledgments ----

I would like to thank Raj Chetty, Amy Finkelstein, Don Fullerton, Peter Ganong, Adam Guren, Louis Kaplow, Wojciech Kopczuk, Erzo Luttmer, Emmanuel Saez, and seminar participants at Chicago Booth School of Business, Brown University, The University of Chicago, the Columbia Tax Policy Workshop, and the Minneapolis Federal Reserve for helpful comments. Financial support from the NBER Health and Aging Fellowship, under the National Institute of Aging Grant Number T32-AG000186 is gratefully acknowledged. Alex Olssen provided excellent research assistance. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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