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The importance of the design of the income tax system for the incentive to supply effort is considered for both a … raising marginal taxes at all income levels and increasing (decreasing) average taxes at high (low) income levels may lead to …
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Within the frame of the Nordic welfare model, pension system design has taken very different routes. While the overall aims in terms of distribution and replacement rates are similar, the division of labour between defined benefit and contribution as well as pay-as-you-go versus funded schemes...
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