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A Life-Cycle Model with Ambiguous Survival Beliefs
(2015-10-02)
Based on a cognitive notion of neo-additive capacities reflecting likelihood insensitivity with respect to survival chances, we construct a Choquet Bayesian learning model over the life-cycle that generates a motivational ...
Aggregate and Distributional Effects of Increasing Taxes on Top Income Earners
(2015-07-13)
We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. ...