Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2020 - Preliminary version: February 27, 2020
The functional income distribution in the US and most OECD countries has been characterized by an increasing capital … not only explained by technical change and globalization, but also by the dynamics of capital and labor income taxation … relative factor taxation also permanently affect the use of robots. Variance decompositions reveal that taxing accounts for up …