Capital Gains Due to Changes in the Market Discount Rate and Workers’ Welfare
نویسندگان
چکیده
The paper analyzes how capital gains due to a reduction in the market discount rate affect life-cycle consumption choice. analysis is done simple general equilibrium model with cohorts of workers and retirees all constant relative risk aversion preferences. Simulation results show fall rates make worse off exception those less than 7 years retirement. has policy implication for taxation gains.
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ژورنال
عنوان ژورنال: Modern Economy
سال: 2023
ISSN: ['2152-7245', '2152-7261']
DOI: https://doi.org/10.4236/me.2023.149058