A Erosa… - Journal of Economic Theory, 2002 - Elsevier
We use a very standard life-cycle growth model, in which individuals have a labor-leisure
choice in each period of their lives, to prove that an optimizing government will almost
always find it optimal to tax or subsidize interest income. The intuition for our result is ...
M Gervais - Journal of Monetary Economics, 2002 - economics.soton.ac.uk
Abstract This paper studies the impact of the preferential tax treatment of housing capital in a
dynamic general equilibrium life-cycle economy populated by heterogeneous individuals.
The model includes the main housing tax provisions currently in place in the US and a ...
MJ Gervais, LO Harvey… - Journal of Experimental …, 1984 - psycnet.apa.org
Page 1. Journal of Experimental Psychology: Human Perception and Performance 1984,
Vol. 10, No. 5, 655-666 Copyright 1984 by the American Psychological Association,
Inc. Identification Confusions Among Letters of the Alphabet ...
A Erosa… - Economic Quarterly-Federal Reserve Bank …, 2001 - richmondfed.org
The literature concerned with dynamic fiscal policy has evolved in two main directions over
the last 20 years or so. On the one hand, there is a large literature on optimal taxation. In the
context of a standard neoclassical growth model with infinitely-lived individuals, Chamley ( ...
LO Harvey… - Attention, Perception, & Psychophysics, 1978 - Springer
Page 1. Copyright © 1978 by The Psychonornic Society, Inc. Perception & Psychophysics
1978,24 (6),534-542 Visual texture perception and Fourier analysis LEWIS O. HARVEY, Jr.,
and MARTIN J. GERVAIS University ofColorado, Boulder, Colorado 80309 ...
LO Harvey… - Journal of experimental psychology: …, 1981 - psycnet.apa.org
Page 1. Journal of Experimental Psychology: Human Perception and Performance 1981,
Vol. 7, No. 4, 741-753 Copyright 1981 by the American Psychological Association, Inc.
0096-1523/81 /0704-0741S00.75 Internal Representation ...
D Andolfatto… - Review of Economic Dynamics, 2006 - Elsevier
When young individuals face binding debt constraints, their human capital investments will
be insufficiently financed by private creditors. If generations overlap, then a well-designed
fiscal policy may be able to improve human capital investments by replacing missing ...
M Gervais, M Pandey - Canadian Public Policy, 2008 - UT Press
We use the US Survey of Consumer Finances to measure the change in federal tax liability
that would result should mortgage interest no longer be deductible from taxable income. We
argue that the elimination of this housing tax provision would lead households to reshuffle ...
M Gervais… - Journal of Monetary Economics, 2010 - Elsevier
A new method of measuring the degree of consumption smoothing is proposed and
implemented using data from the Consumer Expenditure Survey. The structure of this
Survey is such that estimators previously used in the literature are inconsistent, simply ...
M Gervais - Journal of Economic Dynamics and Control, 2012 - Elsevier
In life-cycle economies, where an individual's optimal consumption-work plan is almost
never constant, the optimal marginal tax rates on capital and labor income vary with age.
Conversely, the progressivity imbedded in the US tax code implies that marginal tax rates ...
Abstract: Like other macroeconomic variables, residential investment has become much less
volatile since the mid-1980s (recent experience notwithstanding.) This paper explores the
role of structural change in this decline. Since the the early 1980s there have been many ...
BH Schneider… - Journal of Psychoeducational …, 1991 - jpa.sagepub.com
Advertisement. ...
J Fisher… - FRB of Chicago Working Paper No. 2009-01, 2009 - papers.ssrn.com
Abstract: We document that home ownership of households with" heads" aged 25-44 years
fell substantially between 1980 and 2000 and recovered only partially during the 2001-2005
housing boom. The 1980-2000 decline in young home ownership occurred as ...
M Brzozowski, M Gervais, P Klein… - Review of economic …, 2010 - Elsevier
In this paper, we document some features of the distribution of income, consumption and
wealth in Canada using survey data from many different sources. We find that wage and
income inequality have increased substantially over the last 30 years, but that much of this ...
D Andolfatto… - University of Waterloo and Federal Reserve Bank …, 2001 - sfu.ca
Abstract This paper explores the economic consequences of a social security system
financed by a payroll tax in the context of a life-cycle economy in which some individuals are
debt-constrained and where these debt constraints arise endogenously because of ...
D Andolfatto… - Journal of Economic Dynamics and Control, 2008 - Elsevier
This paper develops a simple life-cycle model that embeds a theory of debt restrictions
based on the existence of inalienable property rights à la Kehoe and Levine [1993. Debt
constrained asset markets. Review of Economic Studies 60 (4), 865–888; 2001. Liquidity ...
M Gervais, I Livshits… - Journal of Economic Theory, 2008 - Elsevier
This paper studies the choice between general and specific human capital. A trade-off arises
because general human capital, while less productive, can easily be reallocated across
firms. Accordingly, the fraction of individuals with specific human capital depends on the ...
JDM Fisher… - International Economic Review, 2011 - Wiley Online Library
We document that home ownership of households with “heads” aged 25–44 years fell
substantially between 1980 and 2000 and recovered only partially during the 2001–5
housing boom. The 1980–2000 decline in young home ownership occurred as ...
M Gervais… - 1998 - Citeseer
Abstract This paper studies the impact of the preferential tax treatment of housing capital in a
model economy that includes the main housing tax provisions currently in place in the US
and a minimum downpayment requirement upon purchasing non-divisible houses. ...
[CITATION] Forthcoming." Who Cares about Mortgage Interest Deductibility?"
M Gervais, M Pandey - Canadian Public Policy
J Fisher… - 2006 Meeting Papers, 2006 - ideas.repec.org
Residential investment before the mid 1980s was very volatile and since then it has been
much less volatile. Before the 1980s mortgage markets were highly regulated and mortgage
opportunities were limited, while large numbers of baby-boom households were acquiring ...
M Gervais - 2007 - en.scientificcommons.org
Abstract Like other macroeconomic variables, residential investment has become much less
volatile since the mid-1980s (recent experience notwithstanding.) This paper explores the
role of structural change in this decline. Since the early 1980s there have been many ...
[CITATION] Risk Sharing
P Klein… - University of Western Ontario, 2004
WM Gervais - 2008 - circle.ubc.ca
Recent polls (eg, Edgell, Gerteis & Hartmann, 2006) have consistently found that atheists
are the least liked group in America today, a type of prejudice that has barely been
researched. This anti-atheist prejudice is surprising because atheists do not constitute a ...
M Gervais… - 2009 - eprints.soton.ac.uk
We document that home ownership of households with “heads\" aged 25-44 years fell
substantially between 1980 and 2000 and recovered only partially during the 2001-2005
housing boom. The 1980-2000 decline in young home ownership occurred as ...
M Gervais… - 2009 - eea-esem.com
Abstract This paper studies optimal fiscal policy in a version of the neoclassical growth
model in which capital is elastically supplied even in the short run. Under a widely used
class of utility functions, we show that in bad times the government should:(i) lower the tax ...
[CITATION] A simple Life-cycle Model with Endogenous Debt Constraints with an Application to Social Security
D Andolfatto… - 2006
M Brzozowski, M Gervais, P Klein… - imes.boj.or.jp
Abstract In this paper, we document some features of the distribution of income,
consumption and wealth in Canada using survey data from many different sources. We find
that wage and income inequality has increased substantially over the last 30 years, but ...
M Gervais… - 2010 - economics.uwaterloo.ca
Abstract This paper studies optimal Ramsey taxation in a version of the neoclassical growth
model in which investment becomes productive within the period, thereby making the supply
of capital elastic in the short run. Because taxing capital is distortionary in the short run, ...
M Gervais… - 2005 Meeting Papers, 2005 - repec.org
Abstract The purpose of this paper is to measure the degree to which households smooth
consumption in the presence of variable earnings using data from the Survey of Consumer
Expenditure (CEX). The main problem of the CEX is that consumption and income are not ...
A Erosa… - 2001 - nber.org
Abstract The behavioral implications of a tax system are determined by its marginal tax rates.
In life-cycle economies, where an individual's optimal consumptionwork plan is almost never
constant, the optimal marginal tax rates on capital and labor income vary with age. ...
M Gervais - 1999 - nlc-bnc.ca
Abstract The issue of capital income taxation is one that has been widely studied in
economics. Two problems that have received relatively less attention are the differential tau t
reatment of housing relative to business capital and intergenerational redist ribut ional ...
C Meh, M Gervais… - 2004 Meeting Papers, 2004 - ideas.repec.org
This paper presents a theoretical framework in which either long-term or short-term labor
contracts arise endogenously. The fundamental trade-off is between firm specific and
general human capital. While firm-specific human capital is more productive than general ...
M Gervais, P Klein, M Brozozowski… - Discussion Paper Series …, 2009 - ideas.repec.org
In this paper we document some features of the distribution of income, consumption and
wealth in Canada using survey data from many different sources. We find that wage and
income inequality have increased substantially over the last 30 years, but that much of this ...
M Gervais… - 2009 - webmeets.com
Abstract This paper studies optimal fiscal policy in a standard business cycle model with two
departures:(i) government infrastructures, which constitute a fiscal policy instrument, are an
input into production which firms do not control;(ii) we assume that investment in new ...
Zusammenfassung: We document that home ownership of households with heads aged 25-
44 years fell substantially between 1980 and 2000 and recovered only partially during the
2001 {2005 housing boom. The 1980 {2000 decline in young home ownership occurred ...
M Gervais, N Jaimovich, HE Siu… - 2011 - faculty.arts.ubc.ca
Abstract The search-and-matching model of the labor market fails to match two important
business cycle facts:(i) a high volatility of unemployment relative to that of labor productivity,
and (ii) a mild correlation between these two variables. We address these shortcomings ...
M Gervais - 1993 - en.scientificcommons.org
Publikationsansicht. 34031537. La relation entre inventaires et rigidité des prix : tests
empiriques / (1993). Gervais, Martin. Abstract. Titre de la couv.. Essai (de maîtrise)--
Université Laval, 1993.. Bibliogr.: f. 42-43. Details der Publikation. ...
[CITATION] OPTIMAL TAXATION IN LIFE-CYCLE ECONOMIES
E Andres… - Journal of Economic Theory, 2002 - Academic Press
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