The Excess Burden of Government Indecision

Governments are known for procrastinating when it comes to resolving painful policy problems. Whatever the political motives for waiting to decide, procrastination distorts economic decisions relative to what would arise with early policy resolution. In so doing, it engenders excess burden. This pap...

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Veröffentlicht in:	Tax policy and the economy 2012-06, Vol.26 (1), p.125-164
Hauptverfasser:	Gomes, Francisco J., Kotlikoff, Laurence J., Viceira, Luis M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Age Consumer economics Decision making Federal government Fiscal policy Household consumption Income taxes Labor supply Procrastination Public assistance programs Retirement benefits Retirement income Risk aversion Social security Studies Tax rates
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