Guo, Jang-Ting; Izumi, Yutaro; Tsai, Yi-Chan - Department of Economics, University of California-Riverside - 2015
standard one-sector neoclassical growth model with heterogeneous firms being subject to progressive taxation as well as … production and aggregate productivity will fall as the tax progressivity rises. By contrast, more progressive taxation may raise … progressive taxation are sensitive to the variability of hours worked and the presence of entry regulations. …