Discontinuities in Pension Benefit Formulas and the Spot Model of the Labor Market: Implications for Financial Economists
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When analyzing tax and related issues, financial economists typically invoke the simplest and the most tractable model of the labor market. This is the spot model, in which the worker's cash wage plus accruing pension benefit must equal the value of the worker's marginal product in each and every
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美国国家经济研究局创建时间：
1986-01-01
