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The Excess Burden of Government Indecision (PDF)
University of Michigan Retirement Research Center [MRRC] 
Aug. 8, 2006 42 pages. Excerpt: This paper posits, calibrates, and simulates a life cycle model with earnings, lifespan, investment return, and future policy uncertainty. It then measures the excess burden from delayed resolution of policy uncertainty. The first uncertain policy we consider concerns the level of future Social Security benefits. MORE >> |
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