redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion … sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk-averse, on average. Through these selection … market participation, and skill heterogeneity all contribute to inequality. Cross-country empirical evidence supports the …

redistributive taxation. Agents differ in both skill and risk aversion. In equilibrium, agents become entrepreneurs if their skill is … sufficiently high or risk aversion sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk … eventually decrease with the tax rate. Investment risk, stock market participation, and skill heterogeneity all contribute to …

redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion … sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk-averse, on average. Through these selection … market participation, and skill heterogeneity all contribute to inequality. Cross-country empirical evidence supports the …

redistributive taxation. Agents differ in both skill and risk aversion. In equilibrium, agents become entrepreneurs if their skill is … sufficiently high or risk aversion sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk … eventually decrease with the tax rate. Investment risk, stock market participation, and skill heterogeneity all contribute to …

redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion … sufficiently low. Under heavier taxation, entrepreneurs are more skilled and less risk-averse, on average. Through these selection … market participation, and skill heterogeneity all contribute to inequality. Cross-country empirical evidence supports the …