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This paper shows how changes in generational accounts relate to the generational incidence of fiscal policy. To illustrate the relationship, it uses the Auerbach-Kotlikoff Dynamic Life-Cycle Simulation Model to compare policy-induced changes in generational accounts with actual changes in...
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income effect will favor high tax countries with a large foreign ownership in domestic equity capital. Income effects due to …
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generations model of the Auerbach-Kotlikoff type which distinguishes five different lifetime in-come classes within each age …
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traditional framework is extended by distinguishing between five different lifetime income classes within each age cohort. After …. This makes it possible to compare the implied intergenerational income effects and the efficiency effects quantitatively …
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