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For decades the rhetoric of federalism has been an important part of the debate over welfare reform. The alignments … alignments and the stereotyped quality of most federalism rhetoric, skeptics might argue that this is an arena in which “the …, the abstractions comprising the rhetoric of federalism serve to mask conflicts and lead us to apply our normative concerns …
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A well‐established result in the literature is that Social Security reduces steady state welfare in a standard life cycle model. However, less is known about the historical quantitative effects of the program on agents who were alive when the program was adopted. In a computational life cycle...
Persistent link: https://www.econbiz.de/10012202816
Poor heath, large acute and long-term care medical expenses, and spousal death are significant drivers of impoverishment among retirees. We document these facts and build a rich, overlapping generations model that reproduces them. We use the model to assess the incentive and welfare effects of...
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This article argues that the terms-of-trade and volume-of-trade taxonomy from the theory of tariffs constitutes an attractive alternative to Viner's trade diversion and creation effects for the analysis of preferential trading arrangements. In applications of the alternative approach, the...
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