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In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
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This paper analyzes optimal linear taxes on capital and labor incomes in a life-cyclemodel of human capital investment … incomeif savings are elastic compared to investment in human capital; substitution betweeninputs in human capital formation is …
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We develop models of optimal linear and non-linear income taxation with endogenous human capital formation to explore optimal education subsidies. Optimal subsidies on education ensure efficiency in human capital accumulation and thus play an important role in alleviating the tax distortions on...
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