1.6 Philadelphia collects an ad valorem tax of 3.928% on its residents earnings (see the Application Urban...
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1.6 Philadelphia collects an ad valorem tax of 3.928%
on its residents’ earnings (see the Application
“Urban Flight”), unlike the surrounding areas.
Show the effect of this tax on the equilibrium wage, total employment, employment in Philadelphia, and employment in the surrounding areas. (Hint: See Solved Problem 10.1.)
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