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Persistent link: https://www.econbiz.de/10009664105
We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income distributions generated by our model replicate the...
Persistent link: https://www.econbiz.de/10011296121
We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and income distributions generated by our model replicate the...
Persistent link: https://www.econbiz.de/10011317719
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Persistent link: https://www.econbiz.de/10012614052
This paper computes optimal top marginal tax rates in Bewley-Aiyagari type economies that include entrepreneurs. Consistent with the data, entrepreneurs are over-represented at the top of the income distribution and are thus disproportionately affected by an increase in the top marginal income...
Persistent link: https://www.econbiz.de/10012931740
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