… critical role of tax structure in the human capital-inclusive growth nexus. … taxes as well as
per capita public expenditures on education and health. Our results indicate that human capital …

… rate of income and consumption. The focus in this paper is on the effect of the income tax
structure on growth. The income tax structure refers to the mix of taxes on the earnings from …

… tax rate on capital, T is the progressive tax schedule on labor earnings, R" is the price of
human capital services of type S at time t, and r, is the net return on physical capital at time t. We …

… which human and nonhuman capital substitution … tax changes as well as steady states. We
also develop clear intuition as to the ways in which the presence of human capital affects tax …

… While the effects of the personal income tax on human capital investment depends upon all
of these details, we … relation between human capital investment and the tax system, namely …

… and earnings taxation on the accumulation of human capital. Part A … taxation on human
capital investment. In Part B we consider the effects of taxation when the return on human capital …

… the tax structure into a set of panel growth … human capital are accounted for. The results of
the analysis suggest that income taxes are generally associated with lower economic growth …

… This study contributes to the literature on the link between tax structure and growth by
analysing … We consider a human capital-augmented Solow model with a standard Cobb-Douglas …

… growth rate, we carry out an experiment simulating an increase of the tax rate on output and
the e¡ects on growth … inputs in the process of human capital accumulation. The discussion of …

… literature provides models forecasting permanent growth, even with a stable tax structure,
due to externalities generated through the accumulation of physical or human capital. While …