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1 - 10 van 11 voor household equivalence
132 Social performance and fisc [PFP#1092128766]
... paper adopts a more general concept of welfare. it proposes a criterion that allows household equivalence and income weighting. this criterion, called social performance', enables an explicit valuation of ... economy. eight ways of fiscal policy reform are critically reviewed. keywords social welfare, household equivalence, money metrics, weighted income indices, mimic, fiscal policy. 7 1 mimic is an ...
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appendix derivations dsge model pdf
... display certainty equivalence. this means that the model is only valid in a stochastic environment up to a first order approximation, unless we make the certainty equivalence assumption. since the household only derives ... would need to be discounted by a different stochastic discount factor for each household, unless we assume certainty equivalence. this gives the langrangian 16 lv t v t nt -(1+rt-1 ...
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analyzing labour supply elderly people life cycle approach pdf
... the first-tier pension benefits starting at age tpb,1 are incorporated, follows from the equivalence between the present value of future retirement benefits and the available pension rights, including ... krueger (2004) looked at consumption profiles and found a hump-shaped pattern for household consumption. if household composition is taken into account, the hump in the consumption profile falls by ...
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Microsoft Word - disc76.doc
... 2.8% abv in finland (who 2004); the eu average is 1.2% abv. the equivalence of different alcoholic drinks is measured in terms of units of alcohol. one unit is ... the greatest proportion and level of expenditure on alcohol is found in ireland, with each household spending household expenditures) on alcohol in 2001 (strategic task force on alcohol three times the level ...
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Microsoft Word - bijz90.doc
... sale of assets), both calculated on a cash-flow basis. 1.2.2 equivalence of consumption taxes the equivalence of the various consumption taxes can be illustrated best by reference to the ... services that are consumed over the lifetime of the asset (for example, residential housing, cars, household appliances, and furniture). this contrasts with the view held by economists that, ideally, the vat ...
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Microsoft Word - cpbdoc_tang.doc
... private savings. the text box gives a brief explanation of ricardian equivalence and highlights the conditions under which the equivalence breaks down. third and finally, the government can - partially - ... lifetimes may behave as if they are a single household (cf. barro, 1974). when generations are connected by bequests, ricardian equivalence may be restored, and individuals keep their consumption ...
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Working Paper (set-up) Engelsta [PFP#802640440]
... allowances should be allocated to the parents or the children, and whether taxes on a household are borne by the parents alone or also by the children. the age profiles can ... to the government (e.g. natural gas) which are not assigned to a particular generation. equivalence between measures of sustainability what is the relationship between this measure of sustainability that follows ...
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W:\nl\pub\...\bijz47.wp [PFP#730146961]
... appendix 2b elasticities for the netherlands 115 appendix 3a the demographic impact 119 appendix 3b equivalence of both measures of fiscal impact 121 preface 5 preface for some time now, immigration ... dutch, and that they prefer their own language to communicate with other members of their household. also playing a role, however, are other factors not associated directly with the immigrants. based ...
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memo1960.pdf
... is invariant to the magnitude of the stochastic disturbances in the model (certainty equivalence). the first characteristic links the method to theoretical practise to linearize complicated models ... household behaviour we distinguish two different second-order taylor approximations of the portfolio equation (2.11) and of equation (b.16), a transformation of the excess return certainty equivalence ...
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memo227.pdf
... very limited effects of fiscal policy. in fact, they often display full ricardian equivalence rendering fiscal policy irrelevant. consequently, models for fiscal policy analysis often use overlapping ... need to be discounted by a different stochastic discount factor for each household, unless we assume certainty equivalence. cost of raising funds from households. this gives the langrangian lv ...
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