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This paper analyzes the effects of income taxation on the international migration and earnings of top earners using a Danish preferential foreigner tax scheme and population-wide Danish administrative data. This scheme, introduced in 1991, allows new immigrants with high earnings to be taxed at...
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wealth into the utility function; the justification is that wealth is a marker of social status, and people value status … wealth is sufficiently large, the dynamical system representing the zero-lower-bound equilibrium transforms from a saddle to …
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