Please use this identifier to cite or link to this item: https://doi.org/10.48548/pubdata-1185
Resource typeWorking Paper
Title(s)On the Effects of Redistribution on Growth and Entrepreneurial Risk–Taking
DOI10.48548/pubdata-1185
Handle20.500.14123/1248
CreatorClemens, Christiane
Heinemann, Maik
AbstractThis paper investigates the redistributive effects of taxation on occupational choice and growth. We discuss a twoñsector economy in the spirit of Romer (1990). Agents engage in one of two alternative occupations: either selfñemployment in an intermediate goods sector characterized by monopolistic competition, or employment as an ordinary worker in this sector. Entrepreneurial pro_ts are stochastic. The occupational choice under risk endogenizes the number of _rms in the intermediate goods industry. While the presence of entrepreneurial risk results in a suboptimally low number of _rms and depresses growth, nonñlinear tax schemes are partly capable of compensating the negative by effects by ex post providing a social insurance.
LanguageEnglish
KeywordsEndogenous Growth; Entrepreneurship; Occupational Choice; Redistributive Taxation; Endogenes Wirtschaftswachstum; Wachstumstheorie; Oberlandesgericht; Steuer; Unternehmer
Year of publication in PubData2005
Publishing typeFirst publication
Publication versionPublished version
Date issued2005-07-06
Creation contextResearch
Published byMedien- und Informationszentrum, Leuphana Universität Lüneburg
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