Thatis ratherthanestimatingICCasinSubsection2 whichimposesreasonableassumptionsaboutearningsdividend growth wesimplyassumethatthereisnoearnings dividend growth Therefore ICCisestimatedasareturntoaperpetuityandequalstoFE1 withFE1beingtheanalystforecastedearningsinthenextyearWethenvalue weightFE1 Pforthe rmsinthevalue...
We next analyze how the SCC changes under inequality within countries. 3.2. The SCC for inequality within countries This section introduces inequality between households in each country, which is determined by the national governance level. Modeling this implies adding constraints on redistribution between...
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