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作者:Karlan, DS
作者单位:Yale University
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作者:Alesina, A; Angeletos, GM
作者单位:Harvard University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要:Different beliefs about the fairness of social competition and what determines income inequality influence the redistributive policy chosen in a society. But the composition of income in equilibrium depends on tax policies. We show how the interaction between social beliefs and welfare policies may lead to multiple equilibria or multiple steady states. If a society believes that individual effort determines income, and that all have a right to enjoy the fruits of their effort, it will choose l...
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作者:Parry, IWH; Small, KA
作者单位:University of California System; University of California Irvine
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作者:Holt, CA; Laury, SK
作者单位:University of Virginia; University System of Georgia; Georgia State University
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作者:Aizer, A; Lleras-Muney, A; Stabile, M
作者单位:Brown University; Princeton University; Princeton University; University of Toronto
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作者:Durlauf, SN
作者单位:University of Wisconsin System; University of Wisconsin Madison
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作者:[Anonymous]
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作者:Parker, JA; Preston, B
作者单位:Princeton University; Princeton University; Columbia University
摘要:This paper uses the consumption Euler equation to derive a decomposition of consumption growth into four sources. These four sources are new information, and three sources of predictable consumption growth: intertemporal substitution, changes in the preferences for consumption, and incomplete markets for consumption insurance. Using household-level data, we implement this decomposition for the average growth rate of consumption expenditures on nondurable goods in the United States from 1982 to...
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作者:Crucini, MJ; Telmer, CI; Zachariadis, M
作者单位:Vanderbilt University; Carnegie Mellon University; Pompeu Fabra University; University of Cyprus; Louisiana State University System; Louisiana State University
摘要:We study good-by-good deviations from the Law-of-One-Price (LOP)for over 1,800 retail goods and services between all European Union (EU) countries for the years 1975, 1980, 1985, and 1990. We find that for each of these years, after we control for differences in income and value-added tax (VAT) rates, there are roughly as many overpriced goods as there are underpriced goods between any two EU countries. We also find that good-by-good measures of cross-sectional price dispersion are negatively ...
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作者:Altshuler, R; Bull, N; Diamond, J; Dowd, T; Moomau, P
作者单位:Rice University