Constrained Inefficiency and Optimal Taxation with Uninsurable Risks
When individuals' labor and capital income are subject to uninsurable idiosyncratic risks, should capital and labor be taxed, and if so how? In a two-period general equilibrium model with production, we derive a decomposition formula of the welfare effects of these taxes into insurance and dist...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2016
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1800 https://ink.library.smu.edu.sg/context/soe_research/article/2799/viewcontent/p_wp064.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
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