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This chapter discusses the large literature and numerous issues regarding education-related differences in income in …. Following the 1940 Decennial Census, which collected information on educational attainment and on earned income and time worked … 1950s/early 1960s greatly expanded the research on education and income and shifted the focus to wages. The human capital …
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This paper studies the effects of job creation tax credits (JCTCs) enacted by U.S. states between 1990 and 2007 to gain insights about fiscal foresight (alterations of current behavior by forwardlooking agents in anticipation of future policy changes). Nearly half of the states adopted JCTCs...
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attaching appropriate income sources which will strengthen the role of local finances and assist the prosperity of regional …
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One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unconstrained by hard financial limits. Not only can they issue their own currency to pay public debt denominated in their own currency,...
Persistent link: https://www.econbiz.de/10010251586
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...
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