Jang, Youngsoo; Sunakawa, Takeki; Yum, Minchul - In: Quantitative economics : QE ; journal of the … 14 (2023) 4, pp. 1367-1400
This paper studies how tax-and-transfer progressivity influences aggregate fluctuations when interacting with household … progressivity influences differential labor supply responses to aggregate conditions across heterogeneous households. We then build … to output. Our quantitative exercises suggest that progressivity at the bottom of the income distribution shaped by the …