On 28th November OxTalks will move to the new Halo platform and will become 'Oxford Events' (full details are available on the Staff Gateway).
There will be an OxTalks freeze beginning on Friday 14th November. This means you will need to publish any of your known events to OxTalks by then as there will be no facility to publish or edit events in that fortnight. During the freeze, all events will be migrated to the new Oxford Events site. It will still be possible to view events on OxTalks during this time.
If you have any questions, please contact halo@digital.ox.ac.uk
Capital in modern economies increasingly takes the form of intangible capital, whose formation heavily depends on the contributions of specialized workers—such as inventors, managers, and entrepreneurs. To examine the macroeconomic implications of this fact, we develop and calibrate a general neoclassical model where capital formation requires both investment goods (tangible investments) and specialized labor (intangible investments). We show that rising intangibles renders the supply of capital more inelastic owing to the limited supply of specialized labor. Rising intangibles also change the incidence of capital taxation: whereas in traditional neoclassical models the tax burden falls entirely on production workers, in intangible economies, it is borne primarily by specialized workers and capital owners.
