Harvey Rosen, the John L. Weinberg Professor of Economics and Business Policy, will transfer to emeritus status on July 1, 2019. In his 45 years at Princeton, Harvey has helped shape the field of public finance not only as a researcher, but as a gifted teacher and the author of influential papers and textbooks. He will be long remembered for his scholarship, public service, and commitment to undergraduate education and college life at Princeton.
Harvey has published over 80 academic articles, many in the leading journals of economics. His research interests span numerous areas in public finance, including the effects of taxation on labor supply, human capital, housing demand, and entrepreneurship. His work also includes contributions to econometric methodology such as vector auto-regressions and hedonic price models. He has contributed to the normative public economics literature, including work on the measurement of excess burden and optimal taxation.
As Harvey demonstrated, the insights from this research have implications for tax design. For example, the labor supply elasticities of married women (relative to married men) affects the efficiency of basing taxes on household versus individual income.
Together with Jonathan Eaton, Harvey has produced important theoretical studies of the taxation of human capital, focusing specifically on the role of uncertainty. In a well-known paper published in the American Economic Review in 1980, they make the simple but important point that, in a model with certainty and fixed labor supply, proportional income taxation may be entirely non-distortionary. The reason is that the tax creates a proportionate reduction in both the marginal costs and margin benefits of education. Progressive marginal taxes, on the other hand, would be distortionary. They also demonstrate that, once uncertainty is allowed for, it is no longer true that proportional taxes have no impact on human capital, although in general the effect is ambiguous.
Harvey has made important contributions to the literature on taxation and housing. In a series of papers, he used both cross-sectional and time series variation to estimate the responsiveness of housing demand and tenure to tax-induced changes in house prices. He found that the tax code encourages ownership over renting and quantified key elasticities that play an important role in analyzing potential reforms to housing tax policy.
In the Sixth Canadian Edition of Public Finance in Canada, substantial revisions enhance the currency of the textbook, including:
New Connect Interface. Featuring significant improvements to instructor workflows in Connect, with new features designed to make course management easier:
Comprehensive Coverage. Coverage includes an integrated introduction to tax and expenditure decisions (including financing of expenditures in the chapters on health care, education, employment insurance, and public pensions), and extensive analysis of the federal-provincial dimension of the public sector in Canada.
Econometric Models. The results of econometric models are used to help the student understand how expenditure and tax policies affect individual behavior and how the government itself sets policies.
Integration of Theory and Analysis. Rosen integrates the analysis of government spending and taxing closely with economic theory. The goal is to interweave institutional, theoretical, and empirical material to provide students with a clear and coherent view of government spending and taxing.
SmartBook 2.0. Available within Connect, SmartBook 2.0 personalizes learning to individual student needs, continually adapting to pinpoint knowledge gaps and focus learning on concepts requiring additional study. For instructors, SmartBook tracks student progress and provides insights that guide teaching strategies and advanced instruction, for a more dynamic class experience.
High-Quality Course Material
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Assignments & Automatic Grading
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All of the changes in the Tenth edition were made to further the authors' goal of providing students with a clear and coherent view of the role of government spending and taxation. The authors' years of policy experience have convinced themselves that modern public finance provides a practical and invaluable framework for thinking about policy issues. The goal is simple: to emphasize the links between sound economics and the analysis of real-world policy problems.Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.
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