Cognitive Constraints on Valuing AnnuitiesJournal of the European Economic Association - Tập 15 Số 2 - Trang 429-462 - 2017
Jeffrey R. Brown, Arie Kapteyn, Erzo F.P. Luttmer, Olivia S. Mitchell
AbstractThis paper documents consumers’ difficulty valuing life annuities. Using a purpose-built experiment in the American Life Panel, we show that the prices at which people are willing to buy annuities are substantially below the prices at which they are willing to sell them. We also find that buy values are negatively correlated with sell values and that the se...... hiện toàn bộ
The Intergenerational Causal Effect of Tax Evasion: Evidence from the Commuter Tax Allowance in AustriaJournal of the European Economic Association - Tập 17 Số 6 - Trang 1843-1880 - 2019
Wolfgang Frimmel, Martin Halla, Jörg Paetzold
AbstractDoes tax evasion run in the family? To answer this question, we study the case of the commuter tax allowance in Austria. This allowance is designed as a step function of the distance between the residence and the workplace, creating sharp discontinuities at each bracket threshold. It turns out that the distance to the next higher bracket is a strong determi...... hiện toàn bộ