Assume that contributions to an IRA account in excess of 10 percent of income are tax deductible.
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Assume that contributions to an IRA account in excess of 10 percent of income are tax deductible. Use a two-period diagram to show the budget constraint. Explain why this form of IRA account is more likely to increase savings than the traditional form.
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Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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