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Large-scale social experiments were pioneered in labor economics and are the basis for much of what we know about topics ranging from the effect of job training to incentives for job search to labor supply responses to taxation. Random assignment has provided a powerful solution to selection...
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welfare and policy implications of our results. Especially, we show that a government which would reduce pollution emissions … can face a trade-off between an increase of steady state welfare and an intergenerational welfare inequality due to …
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feature of the main welfare scheme in France (Revenu Minimum d'Insertion, RMI), namely that childless adults under age 25 are …
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outcomes and welfare cost. In the presence of a binding minimum wage, a decrease in the capital tax leads to an increase in … the welfare cost of capital tax. A policy change which involves an increase in the minimum wage and a fall in the capital … tax such that employment level remains constant increases welfare and output. (Copyright: Elsevier) …
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This paper uses the fact that states introduced Medicaid programs at different times between 1966 and 1972 to estimate Medicaid’s effect on Aid to Families with Dependent Children (AFDC) participation. Using state-level data, we find that the introduction of Medicaid accounted for...
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