Cagetti, Marco (contributor); … - 2004 - [Elektronische Ressource]
entrepreneur that stays in business.
W
r
(a) is the value function of the old, retired person. Define a
prime
net
= a
prime
− τ
b … experiment goes in the opposite direction, and increases the
exemption level from 155 to 180 times the average labor income. As a … tends to raise the saving and wealth holdings
of the non-entrepreneurial households, who tend to be poorer, and secondly
it …