Bandyopadhyay, Debasis; Basu, Parantap - In: Australian Economic Papers 40 (2001) 2, pp. 111-32
An optimal redistributive tax-subsidy formula is derived for a growth model where income inequality is endogenously driven by an adult's choice of occupation between work and management. Investment in human capital is the engine of growth. The world's stock of exploitable knowledge as well as...