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available and an efficiency ranking is feasible: tariffs vs. non-tariff barriers (NTBs). In our policy choice model a government …
Persistent link: https://www.econbiz.de/10012757990
The U.S. health system has been described as the most competitive, heterogeneous, inefficient, fragmented, and advanced system of care in the world. In this paper, we consider two questions: First, is the U.S. health care system productively efficient relative to other wealthy countries, in the...
Persistent link: https://www.econbiz.de/10012758481
do not alter this aspect of labor market efficiency …
Persistent link: https://www.econbiz.de/10012762681
.S. industries. The Mutual Production Model developed in Gravelle and Kotlikoff (1989) can be used to study the efficiency gains from … study the steady state efficiency gains associated with the new law. While we do not simulate the economy's transition path … our model's economy's present value of consumption. This efficiency gain reflects the Tax Reform's reduction in corporate …
Persistent link: https://www.econbiz.de/10012762732
between education and allocative efficiency. Section I is reprinted from my J.P.E. paper quot;Education in Productionquot …
Persistent link: https://www.econbiz.de/10012763235
and low growth rate economies. Here, more than forty percent of the growth differential is due to the efficiency effect …
Persistent link: https://www.econbiz.de/10012763683
This paper studies expectations of capital appreciation in the housing market. We show that expectations impounded in the rent/price ratio at the beginning of the decade successfully predict appreciation rates, but only if we first control for cross-sectional differences in the quality of rental...
Persistent link: https://www.econbiz.de/10012763729
attributed to a single dimension of underlying firm heterogeneity, efficiency. Conditional on entry, underlying efficiency …
Persistent link: https://www.econbiz.de/10012765557
Can governments roll their debt over forever in dynamically efficient economies, and thus avoid the need to raise taxes? While the answer is a clear no under certainty, it depends, under uncertainty, on whether public debt provides intergenerational insurance. When it does not, rollover is not...
Persistent link: https://www.econbiz.de/10012767839
systems have opposite implications for both efficiency and inequality. Under capital income taxation, entrepreneurs who are …
Persistent link: https://www.econbiz.de/10012862835