Ábrahám, Árpád; Brendler, Pavel; Cárceles-Poveda, Eva - 2019
reform is important because it affects households' economic decisions, their expected welfare and ultimately their political … support for the reform. We use a framework with heterogeneous agents who face uninsurable labor productivity shocks and a … representative firm who pays capital adjustment costs. The model is calibrated to the U.S. in 2016. Our revenue-neutral reform …
