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Taxes, transfers and employment in an incomplete markets model

✍ Scribed by Jorge Alonso-Ortiz; Richard Rogerson

Book ID
113726133
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
224 KB
Volume
57
Category
Article
ISSN
0304-3932

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This paper analyzes a class of stochastic endogenous growth models with uninsurable idiosyncratic income risk. The model economy is populated by inΓΏnitely-lived households who own and operate their own business, work for a stock company, and participate in stock and bond markets. Households have log