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We develop an efficient and easy-to-use computational method for solving a wide class of general equilibrium heterogeneous agent models with aggregate shocks, together with an open source suite of codes that implement our algorithms in an easy-to-use toolbox. Our method extends standard...
Persistent link: https://www.econbiz.de/10012949333
We assess the concentration and duration of zero tax liabilities and of transfer receipts, using data for households with ten to forty years of observations from the Panel Survey of Income Dynamics. We find that neither is strongly concentrated. Nearly 68% owe no federal tax in at least one...
Persistent link: https://www.econbiz.de/10012981348
second country, from which a steady stream of greenhouse gases occur. If this migration imposes costs on the emitting country …, then migration induces a sort of pseudo carbon tax.via political economic forces. This pseudo tax creates an incentive for …), is smaller in the presence of migration. I discuss various comparative dynamics, for both the path of production and the …
Persistent link: https://www.econbiz.de/10012978388
per year. While not all of the affected move across borders, international migration potentially provides an adaptation … mechanism to natural hazards. The aim of this paper is to assess whether natural hazards induce international migration from a … macro perspective. We construct a stylized theoretical gravity model of migration that includes hazards as random shocks. To …
Persistent link: https://www.econbiz.de/10012978452
scope of inefficient migration. This positive welfare effect may significantly reduce abatement costs of pollution and calls … for higher environmental tax, as compared with a model where migration is assumed away …
Persistent link: https://www.econbiz.de/10013024493
This article analyzes the effect of migration from a less advanced economy to a more advanced economy on economic … are incorporated. The model shows that out-migration increases fertility and reduces human capital in the source economy …. At the same time, in-migration reduces fertility and can increase or decrease the average level of human capital in the …
Persistent link: https://www.econbiz.de/10012953488
differ in mobility cost (attachment to their native country). A Bismarckian insurance system is not affected by migration …
Persistent link: https://www.econbiz.de/10013124178
with land-intensive production in the non-tradable goods sector (housing). To capture the response to migration on housing … due to increased housing costs, landowners may win. Moreover, we show how the relationship between migration and capital … reversal of migration during the transition to the steady state, like observed in East Germany after unification in 1990. It is …
Persistent link: https://www.econbiz.de/10013085282
the net benefits of migration for future migrants by lowering assimilation costs (‘self-selection’ channel) and increase … externality is strong: the elasticity of migration flows to network size is around one. Second, only a quarter of this elasticity …
Persistent link: https://www.econbiz.de/10013316100
unrestricted market free migration from football players will be Pareto efficient under special circumstances only. This paper … shows that transfer fees can correct inefficient migration flows from small to large football leagues. Home-grown rules that …
Persistent link: https://www.econbiz.de/10013317030