Fiscal policy in an endogenous growth model with human capital accumulation

Article Abstract:

Capital income taxation proved to be influential to balanced growth path convergence. Utilization of two-sector framework to asses an endogenous growth model with physical and human capital accumulation specifically revealed that investment rate in human capital becomes dependent on the degree of tax rate whenever capital income taxation is fixed to the initial physical-to-human capital proportion. The framework also revealed that welfare cost is proportional to the long-term loss in consumption.

Tax Law, Public Finance Activities, Economics, Research and Development in the Social Sciences and Humanities, Research, Tax research, Income tax, Capital formation

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Morale hazard

Article Abstract:

An analysis of a firm's wage setting policies is presented. The implications of these wage contracts on workers' confidence in their skills and morale are discussed.

United States, Personnel administration, Venture Analysis, Compensation and benefits, Beliefs, opinions and attitudes, Business enterprises, Employee morale, Workers

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