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equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income … tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This is …We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general …
Persistent link: https://www.econbiz.de/10011296121
marginal tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This …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 …
Persistent link: https://www.econbiz.de/10011317719
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. Consequently, the distribution of wealth and income deteriorates inasmuch as people with high fortunes tend to have more …
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Thomas Piketty's Capital in the Twenty-First Century is the most widely discussed work of economics in recent history, selling millions of copies in dozens of languages. But are its analyses of inequality and economic growth on target? Where should researchers go from here in exploring the ideas...
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SEZ neighbourhoods. The rise in wealth is strongest towards the middle of the wealth distribution and goes hand in hand …
Persistent link: https://www.econbiz.de/10014476125