Hutton, John P.; Ruocco, Anna - Wirtschaftswissenschaftlichen Fakultät, … - 1998
This note derives a model of the wage curve, closely following Phelps (1994) and Campbell and Orszag (1998). Phelps … income taxation into the model, with the effect of modifying the wage curve by introducing a measure of tax progressivity … into the equation of the wage curve. This result provides a link to the bargaining literature, where the same effect of …