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The stationary wealth distribution under progressive taxation

✍ Scribed by Daniel R. Carroll; Eric R. Young


Book ID
113873511
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
227 KB
Volume
12
Category
Article
ISSN
1096-0929

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The paper investigates into the determinants of the personal distribution of income and wealth. In an overlapping generations model all individuals are assumed to be identical except for their inherited wealth. Since life time is random the bequest of an individual and thus the inherited stock of ca