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1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous …
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We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and income distributions generated by our model replicate the...
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We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income distributions generated by our model replicate the...
Persistent link: https://www.econbiz.de/10011296121
higher capital incomes. This increases inequality. To make this argument, we develop a tractable theory that links technology …
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