Showing 1 - 10 of 94
charged averages 66 cents per dollar of premium. These findings, developed in an extensive micro simulation study by Caldwell …
Persistent link: https://www.econbiz.de/10012471422
This paper develops, calibrates, and simulates a dynamic 88-period OLG model to study the intergenerational transmission of U.S. wealth inequality via bequests. The model features marriage, realistic fertility patterns, random death, assortative mating based on skills, heterogeneous skill...
Persistent link: https://www.econbiz.de/10012471605
In this paper we study the transition from a pay-as-you-go system of Social Security pensions to an investment-based system in an economy in which portfolio returns and capital profitability are both uncertain. The paper extends earlier studies by Feldstein and Samwick that modeled the...
Persistent link: https://www.econbiz.de/10012471784
This paper develops a 17-region, 3-skill group, overlapping generations, computable general equilibrium model to evaluate the global consequences of automation. Automation, modeled as capital- and high-skill biased technological change, is endogenous with regions adopting new technologies when...
Persistent link: https://www.econbiz.de/10012629440
Each year Americans spend over two billion hours and $30 billion preparing individual tax returns, and these filing costs are regressive. To lower and redistribute the filing burden, some commentators have proposed having the IRS pre-populate tax returns for individuals. We evaluate this...
Persistent link: https://www.econbiz.de/10013191102
In this paper we examine the macroeconomic interdependence of Japan and the U.S. using a medium-scale simulation model …
Persistent link: https://www.econbiz.de/10012477443
If stock-outs are ignored and if demand shocks are additive, then optimal behavior requires that the marginal cost of production (MC) be equated with the expected marginal revenue of increasing expected sales by one unit (EMR). However,with more general demand shocks (and still ignoring...
Persistent link: https://www.econbiz.de/10012477522
simulation model. In addition to describing general transition (as opposed to simply long run) affects of fertility change, the …
Persistent link: https://www.econbiz.de/10012477787
Many methods have been proposed for the solution and simulation of medium or large size models under the assumption of …
Persistent link: https://www.econbiz.de/10012478019
In the United States, local government expenditures are heavily subsidized through a variety of sources. This paper explores theoretically and then simulates empirically the effects of eliminating either of two federal subsidies encouraging local government expenditures: (1) income tax...
Persistent link: https://www.econbiz.de/10012478023