Domeij, David (contributor); Heathcote, Jonathan (contributor) - 2003 - [Elektronische Ressource]
United States.
In both economies capital tax cuts imply large steady state welfare gains. How-
ever, in the heterogeneous … United States and (ii) the labor in-
come uncertainty is consistent with empirical estimates from the Panel Study of Income … the United States.
16
Given the
two restrictions above, the number of remaining free parameters is two, and we therefore …