Clemens, Christiane; Soretz, Susanne - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 1997
externalities in human-capital accumulation. The government participates in individual income risks by the collection of a flat …-rate income tax that affects the mean and the variance of after-tax income. We examine the implications of a tax-transfer policy … for the macroeconomic equilibrium of the economy. An increase in the tax rate on mean income has an unambiguously negative …