Gorski, Michael (contributor); Krieger, Tim (contributor); … - 2007
capital investment at the margin. Furthermore, we show that the
reform will change the ratio of net-payers to net … redistribution may discourage human capital
investment (see Lau and Poutvaara, 2000).
However, in our analysis – unlike most of the … investment. When redistributive taxation of high
incomes via the pension system is sufficiently strong, individuals may prefer to …