Optimal Mirrleesean taxation in a Ben-Porath economy
M Kapička - American Economic Journal: Macroeconomics, 2015 - aeaweb.org
I characterize optimal taxes in a life-cycle economy where ability and human capital are
unobservable. I show that unobservable human capital effectively makes preferences over …
unobservable. I show that unobservable human capital effectively makes preferences over …
Taxation under learning by doing
We study optimal income taxation when workers' productivity is stochastic and evolves
endogenously because of learning by doing. Learning by doing calls for higher wedges and …
endogenously because of learning by doing. Learning by doing calls for higher wedges and …
Age‐Dependent Taxes with Endogenous Human Capital Formation
CE da Costa, MR Santos - International Economic Review, 2018 - Wiley Online Library
We assess the gains attained by the introduction of age‐dependent labor income taxes in an
overlapping generations economy where individuals live a meaningful life cycle and …
overlapping generations economy where individuals live a meaningful life cycle and …
[PDF][PDF] Wedge dynamics with evolving private information
This paper uses a recursive approach to arrive at a concise formula describing the forces
responsible for the dynamics of wedges (ie, distortions in the second-best allocations …
responsible for the dynamics of wedges (ie, distortions in the second-best allocations …