Marsiliani, Laura; Renström, T. I. - 2000
work when they are young and own capital when they are old. Pollution externalities are present due to the use of a … polluting factor. The government uses the revenue from a capital-income tax and a pollution tax for a lump-sum transfer to the …-economic equilibrium, the lower the skill of the median individual is relative to the average, the smaller the pollution tax and the …