The Foundation of Modern Macroeconomics (from (8.1)) to include income taxes: v(w, L) (R) u(w(1 - tA))

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The Foundation of Modern Macroeconomics

(from (8.1)) to include income taxes:

v(w, L) (R) u(w(1 - tA)) + [1 - (Ki)]u(B), so that the first-order condition for the optimal wage is:

(B)A L dtA 1 = D,v + euw(1-tA)[(1 tA) w dw 0,

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Foundations Of Modern Macroeconomics

ISBN: 9781264857937

1st Edition

Authors: Ben J. Heijdra, Frederick Van Der Ploeg

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Question Posted: Nov 12, 2024 07:00 AM

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The Foundation of Modern Macroeconomics (from (8.1)) to include income taxes: v(w, L) (R) u(w(1 - tA))

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