Adverse Selection In Credit Markets and Regressive Profit Taxation
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下载链接：
https://www.nber.org/papers/w18406
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资源简介：
In many countries, taxes on businesses are less progressive than labor income taxes. This paper provides a justification for this pattern based on adverse selection that entrepreneurs face in credit markets. Individuals choose between becoming entrepreneurs or workers and differ in their skill in
提供机构：
美国国家经济研究局
创建时间：
2012-09-01
