Huggett, Mark (contributor); Parra, Juan Carlos (contributor) - 2006
Keywords: Social Insurance, Social Security, Idiosyncratic Shocks, Private Information
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We thank Robert Shimer, coeditor of … which some
key information is only privately observed.
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Our work is similar in spirit to Hopenhayn and
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Average tax rates … lifetime must
respect the incentive compatibility constraints. Figure 5b describes how important private
information is for …