Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation

Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation

We consider an economy where individuals face uninsurable risks to their human capital accumulation and analyze the optimal level of linear taxes on capital and labor income together with the optimal path of government debt. We show that in the presence of such risks, it is beneficial to tax both la...

Full description

Saved in:
Bibliographic Details
Main Authors: GOTTARDI, Piero, KAJII, Atsushi, NAKAJIMA, Tomoyuki
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
Incomplete markets
Ramsey equilibrium
optimal taxation
optimal public debt
Economic Theory
Finance
Online Access:https://ink.library.smu.edu.sg/soe_research/1799
https://ink.library.smu.edu.sg/context/soe_research/article/2798/viewcontent/aer_2E20110576.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1799
https://ink.library.smu.edu.sg/context/soe_research/article/2798/viewcontent/aer_2E20110576.pdf

Similar Items