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of people who would have been eligible under pre-recession subsidy rules. The non-elderly parts of the safety net have …
Persistent link: https://www.econbiz.de/10013117560
The aggregate neoclassical growth model - with means-tested subsidies whose replacement rates began rising at the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real GDP that closely resemble actual U.S. time series. Despite having...
Persistent link: https://www.econbiz.de/10013120207
people who would have been eligible under pre-recession subsidy rules. In 2007, the non-elderly parts of the safety net paid …, the annual subsidy rate per person-year unemployed was up to $16,000. As a result, the average private returns to …
Persistent link: https://www.econbiz.de/10013225011