The Effects of Fiscal Policies When Incomes are Uncertain: A Contradiction to Ricardian Equivalence
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https://www.nber.org/papers/w2062
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资源简介：
This paper shows that when earnings are uncertain the substitution of deficit finance for tax finance or the introduction of an unfunded social security program will raise consumption even if all bequests reflect intergenerational altruism. Thus, contrary to the theory developed by Barro and a
提供机构：
美国国家经济研究局
创建时间：
1986-11-01
