and wealth: 1) the “bracket creep“ effect, 2) inflation-dependent pensions, and 3) the
response of prices, and hence the change in the mark-ups, interest rates, wages and,
ultimately, the factor incomes of the individuals.
26
and wealth: 1) the “bracket creep“ effect, 2) inflation-dependent pensions, and 3) the
response of prices, and hence the change in the mark-ups, interest rates, wages and,
ultimately, the factor incomes of the individuals.
26