| 000 | 01575nab a2200277 c 4500 | ||
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_c143565 _d143565 |
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| 003 | ES-MaIEF | ||
| 005 | 20210210183847.0 | ||
| 007 | ta | ||
| 008 | 210210t2021 us ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
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| 100 | 1 |
_94845 _aBenhabib, Jess |
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| 245 | 0 |
_aOptimal positive capital taxes at interior steady states _c by Jess Benhabib and Bálint Szöke |
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| 260 | _c2021 | ||
| 500 | _aResumen. | ||
| 504 | _aBibliografía. | ||
| 520 | _aWe generalize recent results of Bassetto and Benhabib (2006 ) and Straub and Werning (2019 ) in a neoclassical model with endogenous labor-leisure choice where all agents are allowed to save and accumulate capital. We provide a sufficient condition under which optimal redistributive capital taxes remain at their allowed upper bound forever, even if the resulting equilibrium trajectory converges to a unique steady state with positive and finite consumption, capital, and labor. We then provide an interpretation of our sufficient condition. Using recent evidence on wealth distribution in the United States, we argue that our sufficient condition is empirically plausible. | ||
| 650 | 4 |
_933516 _aCAPITAL |
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| 650 | 4 |
_948255 _aRENDIMIENTOS DE CAPITAL |
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| 650 | 4 |
_aIMPUESTOS _947460 |
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| 650 | 4 |
_948219 _aREDISTRIBUCION |
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| 650 | 4 |
_97978 _aIMPOSICION OPTIMA |
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| 650 | 4 |
_947776 _aMODELOS ECONOMETRICOS |
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| 700 | 1 |
_968738 _aSzöke, Bálint |
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| 773 | 0 |
_9164291 _oOP 2137/2021/1 _tAmerican Economic Journal : Macroeconomics _w(IEF)64915 _x 1945-7707 _gv. 13, n. 1, January 2021, p. 114-150 |
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| 942 | _cART | ||