Please use this identifier to cite or link to this item:
https://doi.org/10.48548/pubdata-1185
| Resource type | Working Paper |
| Title(s) | On the Effects of Redistribution on Growth and Entrepreneurial Risk–Taking |
| DOI | 10.48548/pubdata-1185 |
| Handle | 20.500.14123/1248 |
| Creator | Clemens, Christiane Heinemann, Maik |
| Abstract | This 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. |
| Language | English |
| Keywords | Growth; Entrepreneurship; Occupational Choice; Redistribution; Taxation; Wirtschaftswachstum; Theorie; Steuer; Unternehmer |
| Year of publication in PubData | 2005 |
| Publishing type | First publication |
| Publication version | Published version |
| Date issued | 2005-07-06 |
| Creation context | Research |
| Published by | Medien- und Informationszentrum, Leuphana Universität Lüneburg |
| Related resources |
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| File | Size | Format | |
|---|---|---|---|
wp_6_Upload.pdf License: Nutzung nach Urheberrecht open-access | 186.84 kB | Adobe PDF | View/Open |
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