Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice.
No === This paper investigates the equilibrium relationship between taxation, portfolio choice (risk-taking) and capital accumulation. Specifically, it examines how taxes affect risk-taking and capital accumulation. We extend the existing literature by relaxing two crucial assumptions in modelling r...
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| Language: | en |
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2009
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| Online Access: | http://hdl.handle.net/10454/3725 |