Kumar, Alok - In: Review of Economic Dynamics 11 (2008) 1, pp. 133-154
outcomes and welfare cost. In the presence of a binding minimum wage, a decrease in the capital tax leads to an increase in … the welfare cost of capital tax. A policy change which involves an increase in the minimum wage and a fall in the capital … tax such that employment level remains constant increases welfare and output. (Copyright: Elsevier) …