Chapter 1 analyzes effects of tax-favored savings plans on savings and retirement decisions in a realistically specified life-cycle model. Individuals face mortality risk and stochastic earnings, allocate assets between conventional savings accounts (CSAs) and tax-deferred accounts (TDAs)…
Contents
CHAPTER 1 TAX-DEFERRED SAVINGS AND EARLY RETIREMENT
1.1 Introduction
1.2 Asset Location and Investment Horizon
1.3 A Life Cycle Model
1.4 Some Heuristic Findings
1.5 Numerical Analysis
1.6 Alternative Policies and Heterogeneity
1.7 Concluding Remarks
Appendix 1.A The Derivation of Heuristic Findings
Appendix 1.B The Solution Method
References for Chapter 1
CHAPTER 2 EFFICIENCY OF PUBLIC SPENDING IN DEVELOPING COUNTRIES – AN EFFICIENCY FRONTIER APPROACH
2.1 Introduction
2.2 Measuring Efficiency: Methodologies and Literature Review
2.3 Empirical Estimation of Efficiency
2.4 Explaining Inefficiency Variation across Countries
2.5 Concluding Remarks
Appendix
REFERENCES
Author: Pang, Gaobo
Source: University of Maryland
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