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Benefits Quote by Edward C. Prescott

“I find it remarkable that virtually all of the large…” quote by Edward C. Prescott
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“I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.”

Edward C. Prescott

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