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of tax reform on savings, growth, and welfare …
Persistent link: https://www.econbiz.de/10014066171
Is the observed large increase in consumer indebtedness since 1970 beneficial for U.S. consumers? This paper quantitatively investigates the macroeconomic and welfare implications of relaxing borrowing constraints using a model with preferences featuring temptation and self-control. The model...
Persistent link: https://www.econbiz.de/10011756832
altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …
Persistent link: https://www.econbiz.de/10011326408
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intergenerational transfers to their old parents and children as well as private savings. The government specifies amounts of public … the degrees of filial and parental altruism and adjust them with their respective life expectancy and fertility rates. The … altruism than those in the other countries. Our welfare analyses reveal that the developing Asian countries must introduce more …
Persistent link: https://www.econbiz.de/10011757923
intergenerational transfers to their old parents and children as well as private savings. The government specifies amounts of public … the degrees of filial and parental altruism and adjust them for their respective life expectancy and fertility rates. The … adjusted degree of filial altruism tends to be low in developing Asia. Our welfare analyses reveal that the developing Asian …
Persistent link: https://www.econbiz.de/10014111883
knowledge of the individual savings behavior. Instead of parameterizing and calibrating the deep model structure, we implement …
Persistent link: https://www.econbiz.de/10011291373
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