Optimal taxation and debt with uninsurable risks to human capital accumulation

Research, Article, Preprint, External research report English OPEN
Gottardi, Piero; Kajii, Atsushi; Nakajima, Tomoyuki;
  • Publisher: UTokyo Price Project
  • Journal: JSPS Grants-in-Aid for Scientific Research (S) Understanding Persistent Deflation in Japan Working Paper Series,volume 69
  • Related identifiers: doi: 10.1257/aer.20110576
  • Subject: D52 | E62 | Settore SECS-P/01 - Economia Politica | E20 | JEL Classification numbers: D52; D60; D90; E20; E62; H21; O40 | H21 | incomplete markets | O40 | Ramsey equilibrium | optimal taxation | incomplete markets; Ramsey equilibrium; optimal taxation; optimal public debt. | D90 | optimal public debt | D60
    • jel: jel:E20 | jel:D52 | jel:E62 | jel:H21 | jel:D90 | jel:D60 | jel:O40
      ddc: ddc:330

Is version of EUI ECO; 2014/08 - http://hdl.handle.net/1814/32016 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 p... View more
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