He, Hui (contributor); Liu, Zheng (contributor) - 2006
policy is to raise the progressive-
ness of labor income taxes, and the other is to provide subsidies for human-capital … (equipments and structures) and human capital
(skilled labor). A government collects revenues through proportional taxes on labor … technological change zt grows at a constant rate.
Some studies assume that efiective time is the only input in human capital …