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Would a Euro's Depreciation Improve the French Economy?
Magnani, Riccardo; Piccoli, Luca; Carré, Martine; … - 2017
In this paper, we use a Micro-Macro model to evaluate the effects of a euro's depreciation on the French economy, both at the macro and micro level. Our Micro-Macro model consists of a Microsimulation model that includes an arithmetical model for the French fiscal system and two behavioral...
Persistent link: https://www.econbiz.de/10011786944
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Tax-benefit revealed redistributive preferences over time: Ireland 1987 - 2005
Bargain, Olivier; Keane, Claire - 2010
By inverting Saez (2002)'s model of optimal income taxation, we characterize the redistributive preferences of the Irish government between 1987 and 2005. The (marginal) social welfare function revealed by this approach is consistently comparable over time and show great stability despite...
Persistent link: https://www.econbiz.de/10010274642
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Tax-Benefit Revealed Redistributive Preferences Over Time: Ireland 1987-2005
Bargain, Olivier; Keane, Claire - Institute for the Study of Labor (IZA) - 2010
By inverting Saez (2002)'s model of optimal income taxation, we characterize the redistributive preferences of the Irish government between 1987 and 2005. The (marginal) social welfare function revealed by this approach is consistently comparable over time and show great stability despite...
Persistent link: https://www.econbiz.de/10008682243
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Improving Estimation of Labor Market Disequilibrium Using Shortage Indicators, with an Application to the Market for Anesthesiologists
Baird, Matthew; Daugherty, Lindsay; Kumar, Krishna B. - 2019
are likely in disequilibrium. We develop a new methodology to improve the estimation of a reduced form disequilibrium …-indicator informed disequilibrium model includes as a special case the foundational model of Maddala and Nelson (1974). We demonstrate … market for anesthesiologists, a profession susceptible to disequilibrium. In this application, we find that our new …
Persistent link: https://www.econbiz.de/10012005830
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Should the US have locked the heaven's door? Reassessing the benefits of the postwar immigration
Chojnicki, Xavier; Docquier, Frédéric; Ragot, Lionel - 2005
This paper examines the economic impact of the second great immigration wave (1945-2000) on the US economy. Contrary to recent studies, we estimate that immigration induced important net gains and small redistributive effects among natives. Our analysis relies on a computable general equilibrium...
Persistent link: https://www.econbiz.de/10010267654
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Should the U.S. Have Locked the Heaven’s Door? Reassessing the Benefits of the Postwar Immigration
Chojnicki, Xavier; Docquier, Frédéric; Ragot, Lionel - Institute for the Study of Labor (IZA) - 2005
This paper examines the economic impact of the second great immigration wave (1945- 2000) on the US economy. Contrary to recent studies, we estimate that immigration induced important net gains and small redistributive effects among natives. Our analysis relies on a computable general...
Persistent link: https://www.econbiz.de/10005566746
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Evaluating Welfare and Economic Effects of Raised Fertility
Makarski, Krzysztof; Tyrowicz, Joanna; Malec, Magda - 2019
Many countries consider rising fertility through pro-family policies as a solution to the fiscal pressure stemming from longevity. However, an increased number of births implies immediate private costs and only delayed public benefits of younger and larger population. We propose using an...
Persistent link: https://www.econbiz.de/10012005973
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On Welfare Effects of Increasing Retirement Age
Makarski, Krzysztof; Tyrowicz, Joanna - 2018
We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional)....
Persistent link: https://www.econbiz.de/10011873445
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The Changing Structure of Immigration to the OECD: What Welfare Effects on Member Countries?
Burzynski, Michal; Docquier, Frédéric; Rapoport, Hillel - 2018
We investigate the welfare implications of two pre-crisis immigration waves (1991– 2000 and 2001–2010) and of the post-crisis wave (2011–2015) for OECD native citizens. To do so, we develop a general equilibrium model that accounts for the main channels of transmission of immigration...
Persistent link: https://www.econbiz.de/10011931575
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Inequality in an OLG Economy with Heterogeneous Cohorts and Pension Systems
Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - 2018
We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features within cohort heterogeneity of endowments and heterogeneity of preferences. We allow for population aging and gradual decline in TFP growth. We show four main results. First,...
Persistent link: https://www.econbiz.de/10011931586