A new research series focuses on 5 "second look" policies in California, showing that about 12,000 people have been resentenced under these 5 reforms: https://t.co/546hUizDaL #CJReform #California #CaLeg

1/7 Do people really work less as countries get richer? New research by UC Berkeley’s Emmanuel Saez and Amory Gethin shows the story is more complicated. 🧵 🔗

7/7 Learn more about this groundbreaking work in the full article from The Atlantic. https://t.co/zi5OI3nvMj #EconResearch #Taxation #EconomicInequality #UCBerkeley

6/7 This research is a technical feat, combining anonymized IRS data with public company filings to create a comprehensive picture of wealth and tax payments. It shows how the wealthiest pay a smaller proportion of their income in taxes than many middle-class professionals.

5/7 These “paper losses” reduced the billionaires' taxable income by an average of $33 million a year between 2018 and 2020. 🤯

4/7 How? The team found the country’s tax code is regressive at the very top. Billionaires use creative accounting strategies, like making profitable businesses appear to be operating at a loss, to lower their taxable income.

3/7 They found the average tax rate for this group is just 24%, much lower than the reported 34% figure from the Joint Committee on Taxation.

2/7 The study, co-authored by Akcan Balkir, Emmanuel Saez, Danny Yagan, and @gabriel_zucman , focuses on the Forbes 400—the top 0.0002% of the population, including figures like Jeff Bezos and Elon Musk.

1/7 New research from our faculty @berkeleyecon reveals how America's wealthiest people avoid paying taxes. A team of UC Berkeley economists has put concrete numbers on the effective tax rate for the country's richest individuals.

New research reveals the hidden "why" behind economic policies: Yale/Berkeley economists show whether interventions work via efficiency, risk-sharing, redistribution, or time effects.

(2/2) At @berkeleyecon, Prof. Enrico Moretti’s work in labor economics has shed new insights on the job market. Listen to him speak at a recent @KQED panel discussion on tech layoffs, unemployment + Bay Area jobs:

In its newest ranking of America’s Top Colleges, @Forbes placed UC Berkeley at #1 among public universities and #5 nationwide based on academic, financial and career outcomes for undergraduate students.

(1/2) Can eliminating traditional exams in favor of group projects lead to better outcomes for students after graduation? Yes, according to a new study led by @berkeleyecon Ph.D. student Marco Badilla (@mabadilla98). Learn more: https://t.co/6lOdwkk9bL

This is incredible: the coalition of the willing to tax the super-rich keeps growing, and keeps growing fast In just a few days, Spain, Brazil, South Africa—and now Chile—have committed to working together to make billionaires pay This is the beginning of a new era

A breakthrough study co-authored by @supKaur shows 20-minute daily "brain workouts" improved students' grades across multiple subjects, whether math problems or games. Mental endurance = transferable skill. 👇

UC Berkeley isn’t just the No. 1 public research university in the nation — it’s a force for the public good. Every discovery we make is built to serve society, from confronting climate change and improving access to clean drinking water to advancing cancer treatments and

What happens when a university eliminates ALL exams? New article by Marco Badilla Maroto, based on his co-authored research, tracks graduates from Costa Rica's bold experiment—no tests, only group projects. The career outcomes reveal surprising insights. https://t.co/ZCnmHX6dem

Should homeless people get housing first, or mental health treatment first? UC Berkeley PhD student Sydney Costantini tracked 300,000 veterans for 3 years to find out. Her findings challenge assumptions – right as Trump ends Housing First. https://t.co/hg92CEsocx

Meet the insurgent economists promoting a global wealth tax in this @FinancialTimes article. https://t.co/dzwgU9SnTX Prof. Zucman will speak at UC Berkeley on June 23:

Want to learn more? Join @gabriel_zucman on June 23 for The Billionaire Tax: a (Modest) Proposal for the 21st Century. Join us in person or on Zoom by registering here: