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(Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2017)
What shapes the optimal degree of progressivity of the tax and transfer system? On the one hand, a progressive tax system can counteract inequality in initial conditions and substitute for imperfect private insurance against ...
(Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2014)
We develop a model with partial insurance against idiosyncratic wage shocks to quantify risk sharing. Closed-form solutions are obtained for equilibrium allocations and for moments of the joint distribution of consumption, ...
(Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2015)
We analyze intergenerational redistribution in emerging economies with the aid of an overlapping generations model with endogenous labor supply. Growth is initially high but declines over time. A version of the model ...
(Journal article / Tidsskriftartikkel / SubmittedVersion, 2014)
A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development ...
(Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2019)
We construct a dynamic theory of sovereign debt and structural reforms with limited enforcement and moral hazard. A sovereign country in recession wishes to smooth consumption. It can also undertake costly reforms to speed ...
(Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2017)
We study the impact of the rise in female labor supply on the economic performance of the United States over the period 1967–2002 through the lens of a calibrated structural model. The model features all the key forces ...
(Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2019)
Securing open access to research will not remove the fundamental problem that commercial publishers have substantial market power. Thus, even if Plan S is successful, large commercial publishers are likely to put financial ...