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Redistribution and occupational choice in a Schumpeterian growth model

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dc.creator Garcίa-Peñalosa, Cecilia
dc.creator Wen, Jean-François
dc.date 2004
dc.date.accessioned 2013-10-16T07:00:52Z
dc.date.available 2013-10-16T07:00:52Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18688
dc.identifier ppn:477394531
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18688
dc.description We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is determined by the occupational choice of agents who can either work in production for a wage or become entrepreneurs. In this context, we examine the impact of redistributive taxation and compute socially optimal tax rates. Redistribution acts as social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of labour induced by taxation can offset the direct distributive impact of taxes and result in a Pareto improvement. Optimal tax rates are a humpshaped function of the intertemporal spillover effect.
dc.language eng
dc.relation CESifo working papers 1323
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O4
dc.subject O3
dc.subject H21
dc.subject ddc:330
dc.subject growth
dc.subject innovation
dc.subject optimal taxation
dc.subject occupational choice
dc.subject Berufswahl
dc.subject Risikoaversion
dc.subject Innovation
dc.subject Einkommensumverteilung
dc.subject Soziale Sicherung
dc.subject Optimale Besteuerung
dc.subject Neue Wachstumstheorie
dc.subject Theorie
dc.title Redistribution and occupational choice in a Schumpeterian growth model
dc.type doc-type:workingPaper

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