Taxation, Innovation and Entrepreneurship
研究了最优且政治上可行的增长政策，包括基础研究投资和税收，发现高劳动税和低利润税的税收顺序能激励更多人创业，但可能加剧效率与平等的冲突。
We explore optimal and politically feasible growth policies consisting of basic research investments and taxation. We show that the impact of basic research on the general economy rationalises a taxation pecking order with high labour taxes and low profit taxes. This scheme induces a significant proportion of agents to become entrepreneurs, thereby rationalising substantial investments in basic research fostering their innovation prospects. These entrepreneurial economies, however, may make a majority of workers worse off, giving rise to a conflict between efficiency and equality. We discuss ways of mitigating this conflict, and thus strengthening political support for growth policies.