Wealth Distribution and Taxation - DARP
Wealth Distribution and Taxation - DARP
Wealth Distribution and Taxation - DARP
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Bequest Dynamics: alternative consumption<br />
DB n<br />
• The phase diagram<br />
• Paths to equilibrium<br />
• Find equilibria (DB = 0)<br />
• Cut tax (high s)<br />
• Cut tax (low s)<br />
0<br />
oW *<br />
<br />
B ***<br />
B n<br />
11 February 2012 Frank Cowell: EC426 40
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