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1 - 10 van 67 voor budget constraint
Presentation at NETSPAR conference on rethinking retirement
... entry jobs may increase churning on that margin. some remarks the model does not consider budget constraint i.e. an increase in ubs will have to be financed with e.g. higher ...
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appendix derivations dsge model pdf
... budget constraint for each time period no simple task. there is, fortunately, an easier method available. it involves recursively rolling the budget constraints for all time periods into a lifetime budget constraint. 2.1 lifetime wealth the derivation of a lifetime budget constraint involves the creation ...
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Flexibility, Dualism and the Great Recession
... institutions either directly and indirectly, that is, via their effects on wages. government budget constraint not considered.t. boeri (universita bocconi) reforms and labour market outcomes january, ... institutions either directly and indirectly, that is, via their effects on wages. government budget constraint not considered.t. boeri (universita bocconi) reforms and labour market outcomes january, ...
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analyzing labour supply elderly people life cycle approach pdf
... time and a budget constraint, resulting in optimal choices of leisure, labour supply and consumption. in addition, the model contains the opportunity to impose a borrowing contraint. the time constraint reads vt +lt ... are related according to ct vt c v t (3.40) together with the lifetime budget constraint, this determines the initial levels of consumption and 22 this difference in deflator is ...
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Microsoft Word - doc73.doc
... level of subsidy for the industry, as such a contract has direct consequences for its budget constraint. ...the lower the impact of a network failure sometimes the risks associated with network failures ...
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Microsoft Word - DP128_demooij _2_.doc
... consumption and saving by maximizing a life-time utility function subject to an intertemporal budget constraint. when young (i.e. the first period), households choose to allocate their time ... budget, we have indirect taxes on consumption and direct taxes on various sources of income corporate income, labour income, dividends, capital gains and interest. on the expenditure side of the constraint ...
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Microsoft Word - DP ECA voorblad.doc
... we keep the government budget balanced, i.e. the government does not run a surplus or de...cit after a reform. on the revenue-side of the government budget constraint, we have indirect taxes on consumption and direct taxes on various sources of income corporate income, labour income, dividends, capital gains and interest. on the expenditure side of the constraint ...
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Microsoft Word - DP CCCTB voorblad.doc
... substantial welfare gains, especially if other distortionary taxes are used to balance the government budget. this is because distortions in the current system are replaced by equally large new ... work, consumption and saving by maximizing a life-time utility function subject to an intertemporal budget constraint. when young (i.e. the first period), households choose to allocate their time between ...
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competition and access price regulation broadband market pdf
... exactly the same demand system arises when the representative consumer maximizes his utility given his budget constraint. 4 since the analysis is ex post with respect to investment and entry, all ... access price for the incumbent. thus, for this access price the incumbent's participation constraint always binds. based on the previous argument, the following proposition can be stated. proposition ...
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Microsoft Word - cpbdoc194.doc
... is defined by a ces utility function ( )( ) ( i ijijj cu (3.1) subject to the budget constraint . i jijij ycp (3.2) the parameter ij allows for differences in preferences and the ...
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