util_calc {bunchr} | R Documentation |
Calculating quasi-linear iso-elastic utility
Description
Usage
util_calc(z, n, elas, t1, t2, Tax, zstar)
Arguments
z |
Earnings |
n |
Ability of person (earnings with zero tax) |
elas |
elasticity of earnings w.r.t. net-of-tax rate |
t1 |
Tax rate before notch/kink |
t2 |
Tax rate after notch/kink |
Tax |
height of notch (zero for pure kink) |
zstar |
place of notch/kink (critical earning point) |
Value
The utility of earning sum z given other parameters.
Examples
util_calc(900, 950, 0.2, 0.1, 0.2, 100, 1000)
[Package bunchr version 1.2.0 Index]