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by the reform significantly increased their education and experienced higher labor income. Our main result is that the …
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We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good …
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by the reform significantly increased their education and experienced higher labor income. Our main result is that the …
Persistent link: https://www.econbiz.de/10012602970
This paper studies the conditions under which the scarcity of a factor (in particular, labor) encourages technological … supply of labor encourages technological progress. In contrast, the famous Habakkuk hypothesis in economic history claims … that technological progress was more rapid in 19th-century United States than in Britain because of labor scarcity in the …
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