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Persistent link: https://www.econbiz.de/10011640976
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Our simple model features agents heterogeneous in skill and risk aversion, incomplete financial markets, and … redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion … market participation, and skill heterogeneity all contribute to inequality. Cross-country empirical evidence supports the …
Persistent link: https://www.econbiz.de/10012970829
redistributive taxation. Agents differ in both skill and risk aversion. In equilibrium, agents become entrepreneurs if their skill is … eventually decrease with the tax rate. Investment risk, stock market participation, and skill heterogeneity all contribute to …
Persistent link: https://www.econbiz.de/10013011771
Our simple model features agents heterogeneous in skill and risk aversion, incomplete financial markets, and … redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion … market participation, and skill heterogeneity all contribute to inequality. Cross-country empirical evidence supports the …
Persistent link: https://www.econbiz.de/10013013173
redistributive taxation. Agents differ in both skill and risk aversion. In equilibrium, agents become entrepreneurs if their skill is … eventually decrease with the tax rate. Investment risk, stock market participation, and skill heterogeneity all contribute to …
Persistent link: https://www.econbiz.de/10013013622
Persistent link: https://www.econbiz.de/10011709384
Our simple model features agents heterogeneous in skill and risk aversion, incomplete financial markets, and … redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion … market participation, and skill heterogeneity all contribute to inequality. Cross-country empirical evidence supports the …
Persistent link: https://www.econbiz.de/10012457001
Persistent link: https://www.econbiz.de/10012814941