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If redistribution is distortionary, and if the income of skilled workers is due to knowledgeintensive activities and depends positively on intellectual property, a social planner which cares about income distribution may in principle want to use a reduction in Intellectual Property Rights (IPRs)...
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"We present a theory of the emergence of laws restricting child labor or imposing mandatory education that is …
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systems on individuals incentives to invest in their human capital has not been analyzed. We integrate human capital …
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