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...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| 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 |
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| Institution: | Singapore Management University |
| Language: | English |