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This paper defines and estimates general equilibrium treatment effects. The conventional approach in the literature on treatment effects ignores interactions among individuals induced by the policy interventions being studied. Focusing on the impact of tuition policy, and using estimates from...
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in the model is that accounting for the distinction between skill prices and measured wages is important for analyzing …
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reveal that move to a flat consumption tax raises capital accumulation and the real wages of all skill groups and barely …
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