and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …

-level studies of labor supply, investment demand, and productivity growth. Our results suggest modest effects, on the order of 0 …

A tax on investment income brings a deadweight loss even if household saving does not respond to taxes and the net rate … of return. What matters is the response of future consumption. The tax on investment income is also effectively a tax on … labor supply because current work effort produces income that will be spent on future consumption and the tax on investment …

and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in …

This paper proposes a model of diversifiable uncertainty, irreversible investment decisions, and endogenous growth. The … mobility. Labor mobility costs reduce private returns to investment, imply a slower rate of endogenous growth, and …