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of 26.8% in the per-year value of public pension benefits would offset the fiscal consequences of the increase in life …
Persistent link: https://www.econbiz.de/10010730119
Most econometric models of intrahousehold behavior assume that household decision making is efficient, i.e., utility realizations lie on the Pareto frontier. In this paper, we investigate this claim by adding a number of participation constraints to the household allocation problem. Short-run...
Persistent link: https://www.econbiz.de/10010597563