Among the Member States of the European Union, Romania is considered to be a low tax country. This is mainly due to the fact that the Romanian corporate income tax rate of 16 per cent currently undercuts the…
Many modern macroeconomic models either adopt a representative agent setup or introduce heterogeneity among individuals that leads only to trade in assets, while excluding the possibility that agents gain from…
Economists study the intergenerational transmission of skills and optimal human capital investment. Recent research has examined intergenerational associations of cognitive skills, trust and risk attitudes,…