Is Ricardian Equivalence a Good Approximation?

Ricardian equivalence may be a good approximation even if all households have finite horizons, many households have short horizons, and an appreciable fraction of wage income is received by liquidity-constrained households. The approximation is likely to be better the more imperfect annuity markets are. Copyright 1991 by Oxford University Press.

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Year of publication:	1991
Authors:	Evans, Paul
Published in:	Economic Inquiry. - Western Economic Association International - WEAI. - Vol. 29.1991, 4, p. 626-44
Publisher:	Western Economic Association International - WEAI

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005746543