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Insurance and Taxation over the Life Cycle

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NBER2011-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16749
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资源简介:
We consider a dynamic Mirrlees economy in a life cycle context and study the op- timal insurance arrangement. Individual productivity evolves as a Markov process and is private information. We use a first order approach in discrete and continuous time and obtain novel theoretical and numerical
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2011-01-01
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