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This paper, intended for researchers, introduces a stochastic method for calculating the optimal tax schedule based on taxpayer utility, population skill distribution, and wages. It implements and extends the classic approach to optimal income tax calculation introduced by J.A. Mirrlees. A...
Persistent link: https://www.econbiz.de/10012389887
This paper considers investors who are looking to maximize their probability of remaining solvent throughout their lifetime by using an algorithm that aims to optimize their investment allocation strategy and optimize their tax strategy for withdrawal allocations between tax deferred accounts...
Persistent link: https://www.econbiz.de/10012622415
The paper examines tax progressivity and income inequality using Census Bureau Current Population Survey (CPS) personal income data. The Kakwani index is used to derive tax progressivity for All, Male, Female, White and African American personal wage income of CPS respondents, respectively. The...
Persistent link: https://www.econbiz.de/10012483953
income on economic growth. The capitalist spirit is represented by the fact that savings rates increase with increasing …
Persistent link: https://www.econbiz.de/10012813878
cause their effect on GDP to plummet. These common patterns fit with a global glut of savings hypothesis, which predicts … that an increase in savings will not cause an increase in production expanding investment. An appropriate model could be …
Persistent link: https://www.econbiz.de/10013273661
companies that are at risk of bankruptcy using the DEA method. The originality is the selection of key inputs and outputs to the …
Persistent link: https://www.econbiz.de/10012587360
calculus is based on various types of economic parameters, which are subject to frequent changes and high risk. A risk …
Persistent link: https://www.econbiz.de/10012415456
assumptions alone in measuring risk. Cushioning against risk has always created a plethora of complexities and challenges; hence …, this paper attempts to analyse statistical properties of various risk measures in a not normal distribution and provide a … financial blueprint on how to manage risk. It is assumed that using old assumptions of normality alone in a distribution is not …
Persistent link: https://www.econbiz.de/10012795821
exponential pattern of the general hyperbolic absolute risk aversion (HARA) utility function that satisfies their respective … study is the construction and development of an optimal compensation agency model for risk management, which is derived by … considering the effect of risk aversion utility on revenue. The proposed model can provide a fair and feasible approach within the …
Persistent link: https://www.econbiz.de/10012485062
entropy. To measure risk, we use value-at-risk and conditional value-at-risk. The results indicate that, except for Tether …, the analyzed cryptocurrencies’ returns exhibited similar patterns of uncertainty and risk. Levels of uncertainty were … close to the maximum values, but high uncertainty is not always associated with high risk. During the pandemic crisis …
Persistent link: https://www.econbiz.de/10013475240