Showing 1 - 10 of 683,855
Persistent link: https://www.econbiz.de/10003641747
-optimization model with sharecropping, endogenous fertility and status seeking. We show that tenant farming is the major obstacle to … escaping the Malthusian trap with high fertility and low productivity. A land reform provides peasant families higher returns … decreases fertility and increases productivity in agriculture in the short and long runs. The European demographic history …
Persistent link: https://www.econbiz.de/10010337427
This article examines pollution and environmental mortality in an economy where fertility is endogenous and output is … decreasing fertility and the population size. Correspondingly, if the clean sector is more capital intensive, then the emission … tax decreases the wage and increases fertility. Although the proportion of the dirty sector in production falls, the …
Persistent link: https://www.econbiz.de/10011596093
We analyze the implications of the decline in labor’s share in national income for optimal Ramsey taxation. It is optimal to accompany the decline in labor share by raising capital taxes only if the labor share is falling because of a decline in competition or other mechanisms that raise the...
Persistent link: https://www.econbiz.de/10012533894
-optimization model with sharecropping, endogenous fertility and status seeking. We show that tenant farming is the major obstacle to … escaping the Malthusian trap with high fertility and low productivity. A land reform provides peasant families higher returns … decreases fertility and increases productivity in agriculture in the short and long runs. The European demographic history …
Persistent link: https://www.econbiz.de/10013055912
The Atkinson-Stiglitz Theorem and its extensions have been interpreted as implying that capital income should not be taxed. If, as seems reasonable on empirical grounds, we introduce production of household goods with close market substitutes, this conclusion no longer holds. We analyse optimal...
Persistent link: https://www.econbiz.de/10011428699
This paper revamps Harberger's primitive tax theory and obtains completely different results. When his perfectly …
Persistent link: https://www.econbiz.de/10012938084
We study the properties of economic growth in a region that is driven by the activities of the so-called creative class. On the consumption side of our regional economy, we focus on an infinitely lived creative class household and on the production side of this same economy, we concentrate on a...
Persistent link: https://www.econbiz.de/10014030311
In recent decades, market power has increased substantially, according to multiple measures that describe industry concentration, mark-ups, and business profitability. While market power can generate benefits, it also raises vexing policy concerns, including the potential for adverse effects on...
Persistent link: https://www.econbiz.de/10014351033
Evidence of declining trend in OECD economies' income tax rates and the concern of enhancing competition in the US and the EU product markets subtly motivate the question if low income tax rates are optimal in an imperfectly competitive economy. This paper examines optimal income tax policy in a...
Persistent link: https://www.econbiz.de/10011517148