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Persistent link: https://www.econbiz.de/10008824874
In a new model with incomplete markets, I quantitatively determine tax reforms that are welfare improving, distributionally neutral, and leave the budget balance unchanged in the long run. I consider a new reform. I eliminate capital income taxation and replace it with progressive consumption...
Persistent link: https://www.econbiz.de/10013128349
I study the transitional welfare effects of a budget neutral reform in a small open economy with overlapping generations and age-dependent mortality. The reform eliminates the capital income tax and replaces it with a consumption tax. I simulate the model for Chile and calculate lifetime welfare...
Persistent link: https://www.econbiz.de/10013107166
This paper contributes to explaining the obesity epidemic and finding a potential remedy. We build a theoretical model of food consumption decisions that accounts for social influence. In our model, individuals' rationality is affected by an endogenous social weight norm, which influences their...
Persistent link: https://www.econbiz.de/10014109027