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- Working Paper
We find that labor supply elasticities with respect to own wages and to other household members’ income for married white women have decreased significantly in absolute terms during the 1983-2000 period.
- Working Paper
This paper provides a theoretical examination of the impact of Japan’s Employment Adjustment Subsidy, a major employment insurance policy since 1975, on labor adjustment, productivity and output fluctuations in the iron and steel sector.
- Working Paper
We study a dynamic version of Meltzer and Richard’s median-voter model where agents differ in initial wealth.
- Working Paper
This paper presents an index of capital per hour constructed using the assumption of putty-clay capital.
- Working Paper
Social Effects, Household Time Allocation, and the Decline in Union Formation: Working Paper 2005-07
Economic theories of the household and the marriage market provide potential explanations for differences in household formation rates over time based in part on the evolution of female wages.
- Working Paper
The Congressional Budget Office Long-Term (CBOLT) model uses dynamic micro-simulation to analyze Social Security policy.
- Working Paper
In this paper, the question of how differential mortality affects Social Security finances and progressivity is approached through sensitivity analysis using CBOLT.
- Working Paper
The economic literature shows that privatizing Social Security can improve labor supply incentives, but it can also reduce risk sharing when households face uninsurable risks.
- Working Paper
CBO forecasts capital gains as part of its start-of-the-year budget outlook.
- Working Paper
Limited Participation, Income Distribution and Capital-Account Liberalization: Working Paper 2005-02
This paper studies whether the fact that some nationals do not have access to stock markets could limit the benefits of international liberalization, whether in size or in the differential impact across groups in society.