Search results with tag "R gt g"

Yes, r > g. So What? - Harvard University

that experiences labor-augmenting technolog-ical progress, and they earn the value of their marginal product. In addition, following the advice of Piketty, the government imposes a tax on capital equal to τ per period, the revenue from which is transferred to workers. To oversimplify a bit, let’s just focus on this economy’s steady state.

  Technolog, R gt g