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This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with …
Persistent link: https://www.econbiz.de/10008727794
income, (iv) instituting taxation of imputed rental income from owner-occupied housing and (v) eliminating the property tax … allowance for rental income would be the least effective. Our experiments also highlight the differential welfare impact of each …
Persistent link: https://www.econbiz.de/10009789532
The authors study the implications of fiscal policy behaviour for sovereign risk in a framework that determines a country's fiscal limit, the point at which, for economic or political reasons, taxes and spending can no longer adjust to stabilize debt. A real business cycle model maps the...
Persistent link: https://www.econbiz.de/10009783106
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Studies of the empirical relationship between income and mortality often rely on data aggregated by geographic areas … between individual mortality and lifetime income with a large micro data base of current and former retired participants in … death between low and high lifetime income are on the order of two to three years. Income-related mortality differences …
Persistent link: https://www.econbiz.de/10005264236
inflows of external income?the sum of remittances, FDI and general government transfers?from major oil-exporting economies … that real output in the long run is shaped by: (i) oil prices through their impact on external income and in turn on … the hypothesis that a large share of Jordan's output volatility can be associated with fluctuations in net income received …
Persistent link: https://www.econbiz.de/10009401201
estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico … attributed to biases in the price deflator. The estimated unmeasured income gains are higher for poorer households, implying … marked reductions in "real" inequality. These findings challenge the conventional wisdom that post-reform income growth was …
Persistent link: https://www.econbiz.de/10005769214
equalization set and an integrated intertemporal equilibrium. A number of results are obtained concerning trade, growth, and income …
Persistent link: https://www.econbiz.de/10005769295