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- W2066799987 abstract "The paper examines the relationship between economic growth, tax policy, and distribution of capital and labor ownership in a one-sector political-economy model of endogenous growth with productive government spending financed by a proportional tax on capital income. The analysis shows that inequality in wealth and income can be positively or negatively related to the optimal tax rate. In either environment, higher inequality leads to a lower after-tax return to capital, thereby reducing the economy's growth rate." @default.
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- W2066799987 date "2004-08-21" @default.
- W2066799987 modified "2023-09-26" @default.
- W2066799987 title "Reexamination of Economic Growth, Tax Policy, and Distributive Politics" @default.
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