New York Times columnist David Brooks wrote that In the private sphere, . . . , seniors

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New York Times columnist David Brooks wrote that “In the private sphere, . . . , seniors provide wonderful gifts to their grandchildren, loving attention that will linger in young minds, providing support for decades to come. In the public sphere, they take it way” [ Brooks, 2010]. How does this observation relate to the Ricardian equivalence model?
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Public Finance

ISBN: 978-0078021688

10th edition

Authors: Harvey Rosen, Ted Gayer

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