The optimal design of a tax system is a topic that has long fascinated economic theorists and
flummoxed economic policymakers. This paper explores the interplay between tax theory …

This article reviews recent advances in the study of dynamic taxation, considering three
main approaches: the dynamic Mirrlees, the parametric Ramsey, and the sufficient statistics …

This paper derives optimal income tax and human capital policies in a life cycle model with
risky human capital. The government faces asymmetric information regarding agents' ability …

Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are
bad insofar as they discourage people from working, but good to the degree that, by …

We present a model with altruistic parents and heterogeneous productivity. We derive two
key properties for optimal estate taxation. First, the estate tax should be progressive, so that …

This paper provides a new, empirically driven application of the dynamic Mirrleesian
framework by studying a feasible and potentially powerful tax reform: age-dependent labour …

The misallocation of talent in innovation–“missing Einsteins”–has a first-order impact on
growth and welfare. Surname-level empirical analysis combining inventor and census micro …

We study the optimal design of integrated education finance and tax systems. The
distribution of wages is endogenously determined by the costly education decisions of …

The dynamic public finance literature underwent significant changes over the past decade.
This research agenda has now reached a stage at which it is able to analyze the design of …

This paper analyzes optimal linear and non-linear taxes on capital and labor incomes in a
life-cycle model of human capital investment, financial savings, and labor supply with …