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- Working Paper
Fundamental tax reform is examined in a heterogeneous overlapping-generations life-cycle model in which agents face idiosyncratic earnings shocks and uncertain life spans.
- Working Paper
This paper derives and estimates a current account model from the perspective that the current account balance is the difference between national savings and investment.
- Working Paper
Several important empirical studies have found that households are not altruistically linked in a way consistent with the standard Ricardian model, as put forward by Barro (1974).
- Working Paper
A description of the method used in CBO's main Social Security model to simulate who marries whom--which has important implications for projections of benefit levels.
- Working Paper
A description of the method used in CBO's main Social Security model to project an individual's marital status.
- Working Paper
This paper examines how multivariate time-series models might be used to project output over the medium term—that is, over a 10-year span.