Passive income streams are quickly becoming a cornerstone strategy for crypto investors in 2025. With the rise of staking opportunities and yield farming, certain cryptocurrencies stand out as stable ...
We recast the Aiyagari-Bewley-Huggett model of income and wealth distribution in continuous time. This workhorse model – as well as heterogeneous agent models more generally – then boils down to a ...
The lack of conditions here is essential. Recipients repeatedly contrasted this with painful experiences of stigmatisation at the hands of mainstream welfare provision. As one woman put it: “we can’t ...
High-income people in Pennsylvania — and especially those with annual incomes greater than $1 million — pay a significantly lower effective tax rate than people in lower ...