Lee, Chul-In, and Gary Solon (2006). "Trends in Intergenerational Income Mobility," NBER Working Paper Series 12007. Cambridge, Mass: National Bureau of Economic Research, January. Lerman, Robert I. (1999). "U.S. Wage-Inequality Trends and Recent Immigration," American Economic Review, vol. 89 (May, Papers and Proceedings), pp. 23-28. Lewis, Ethan (2004). "How Did the Miami Labor Market Absorb the Mariel Immigrants?" Working Paper Series 04-3.
The decision has been taken for our CBDC, the Digital Rupee, to be interest free. Additionally, we have decided to adopt a two-tier distribution model to manage potential risks to monetary policy and financial stability. This two-tier model will also ensure that commercial banks continue to be fully-involved in our CBDC journey and that there is no disintermediation of banks in the CBDC distribution.