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Household Production and the Excess Sensitivity of Consumption to Current Income
Baxter, Marianne - 1999
Empirical research on the permanent income hypothesis (PIH) has found that consumption growth is excessively sensitive to predictable changes in income. This finding is interpreted as strong evidence against the PIH. We propose an explanation for apparent excess sensitivity that is based on a...
Persistent link: https://www.econbiz.de/10012471755
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Pro-Competitive Effects of Trade Reform : Results from a CGE Model of Cameroon
Devarajan, Shantayanan - 1989
: domestic firms now perceive themselves as facing a higher elasticity of demand, which spurs them to increase production …
Persistent link: https://www.econbiz.de/10012475865
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Micro and Macro Elasticities in a Life Cycle Model With Taxes
Rogerson, Richard - 2007
We build a life cycle model of labor supply that incorporates changes along both the intensive and extensive margin and use it to assess the consequences of changes in tax and transfer policies on equilibrium hours of work. We find that changes in taxes have large aggregate effects on hours of...
Persistent link: https://www.econbiz.de/10012465638
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Government Finance in the Wake of Currency Crises
Burnside, Craig - 2003
This paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation? We study these questions using a general...
Persistent link: https://www.econbiz.de/10012468912
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Are Windfalls a Curse? A Non-Representative Agent Model of the Current Account and Fiscal Policy
Tornell, Aaron - 1994
In several countries temporary terms of trade improvements have led to a deterioration of the current account. Furthermore, many of these countries failed to attain greater post-boom growth rates. The point we make is that the structure of the fiscal process is critical in determining outcomes....
Persistent link: https://www.econbiz.de/10012474076
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International Trade and Labor-Demand Elasticities
Slaughter, Matthew J. - 1997
In this paper I try to determine whether international trade has been increasing the own-price elasticity of demand for … elasticity patterns. Thus the time series of labor-demand elasticities are explained largely by a residual, time itself. This …
Persistent link: https://www.econbiz.de/10012472549
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The Bunching Estimator Cannot Identify the Taxable Income Elasticity
Blomquist, Sören - 2017
an estimate of the taxable income elasticity from the bunching pattern around a kink point. The bunching estimator has … identify the taxable income elasticity when the functional form of the distribution of preference heterogeneity is unknown. We … with any positive taxable income elasticity if the distribution of heterogeneity is unrestricted …
Persistent link: https://www.econbiz.de/10012453577
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Aggregating Elasticities : Intensive and Extensive Margins of Female Labour Supply
Attanasio, Orazio - 2015
the micro level means that the aggregate labour supply elasticity is not a structural parameter: any aggregate elasticity …
Persistent link: https://www.econbiz.de/10012457352
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Reconciling Micro and Macro Labor Supply Elasticities : A Structural Perspective
Keane, Michael P. - 2011
labor supply elasticities were small, recent work has identified three key reasons that the aggregate elasticity may be … estimates for aggregate labor supply. Third, structural estimation of responses along the extensive (i.e., employment) margin …
Persistent link: https://www.econbiz.de/10012461228
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Do Black Politicians Matter?
Logan, Trevon D. - 2018
This paper exploits the history of Reconstruction after the American Civil War to estimate the causal effect of politician race on public finance. I overcome the endogeneity between electoral preferences and black representation using the number of free blacks in the antebellum era (1860) as an...
Persistent link: https://www.econbiz.de/10012453523