Long-Run Tax Incidence in a Human Capital-based Endogenous Growth Model with Labor-Market Frictions
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In a second-best optimal growth setup with only factor taxes, it is in general optimal to fully replace capital by labor income taxation in the long run. We revisit this important issue by developing a human capital-based endogenous growth model with frictional labor search, allowing each firm to
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美国国家经济研究局创建时间：
2019-04-01
