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This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment, labor formality, and growth of a reduction in non-wage labor costs in Colombia. First, and following Hall and Jorgensen (1967), we estimate an investment function, which depends...
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-2004 shows that income has only a minor effect on positive subjective well-being but a large effect on negative well …
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; Collateral ; Income risk ; Bankruptcy …
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