system of capital income taxation, as it is a special form of tax collection. It is crucial for the effect of the tax which … income taxation. For in the worst case the tax on capital gains of firms which produce with a capital stock or exhaust a …

shown that uninsurable risks in labor income distort educational investment of risk-averse individuals. We point out that … Bildungssubventionen einen positiven Effekt auf das Arbeitsangebot. Außerdem reduziert eine Kapitaleinkommensteuer das Einkommen aus … hazard and adverse selection, private insurance against income risks is imperfect or even absent. Previous literature has …

Description This half semester class presents an introduction to macroeconomic modeling, focusing on the theory of economic growth … income and growth differences across countries. …

, and equity. Because of productivity shocks, the equity return is uncertain, and risk-averse investors require a positive …

, capital and income shares respond to wage-setting shocks and show that adjustment dynamics depend decisively on the magnitude …

an economy to the risk of a crisis, or what policy should regulators follow in order to prevent the crises, and what …

decisions and income growth of lowered life expectancy as a result of diseases such as HIV/AIDS. We show that an increased …