Echevarría, Cruz A. - In: SERIEs : Journal of the Spanish Economic Association 6 (2015) 1, pp. 43-72
This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across … individuals and higher leisure levels, but also lower growth of future consumption). The social discount factor proves to be …