Gomes, Francisco J.; Kotlikoff, Laurence J.; Viceira, … - In: Tax Policy and the Economy 26 (2012) 1, pp. 125-125
Governments are known for procrastinating when it comes to resolving painful policy problems. Whatever the political motives for waiting to decide, procrastination distorts economic decisions relative to what would arise with early policy resolution. In so doing, it engenders excess burden. This...
