Ricardian Equivalence with Incomplete Household Risk Sharing
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Several important empirical studies (e.g., Altonji, Hayashi, and Kotlikoff, 1992, 1996, 1997) find that households are not altruistically-linked in a way consistent with the standard Ricardian model, as put forward by Barro (1974). We build a two-sided altruistic-linkage model in which private
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美国国家经济研究局创建时间：
2002-03-01
