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• W2024904524 abstract "This paper explores the trade-off between efficiency and intra- and intergenerational equity in an endogenous growth model of an open economy with overlapping generations and human capital accumulation. We demonstrate that progressive taxes hurt long-run growth and exacerbate distortions associated with intergenerational spillovers. However, by raising saving, these taxes strengthen the net foreign asset position." @default.
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• W2024904524 date "1997-05-01" @default.
• W2024904524 modified "2023-09-27" @default.
• W2024904524 title "Progressive taxes, equity, and human capital accumulation in an endogenous growth model with overlapping generations" @default.
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• W2024904524 doi "https://doi.org/10.1016/s0047-2727(96)01616-7" @default.
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