Michael Gelman

Claremont McKenna College

500 E. Ninth St.

Claremont, CA 91711-6420

United States

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Rational Illiquidity and Excess Sensitivity: Theory and Evidence from Income Tax Withholding and Refunds

NBER Working Paper No. w25757
Number of pages: 55 Posted: 15 Apr 2019
Claremont McKenna College, University of California, Berkeley - Department of Economics, University of Michigan at Ann Arbor - Department of Economics and Arizona State University (ASU) - W.P. Carey School of Business
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