Dynamic optimal taxation with human capital
(2009)
Journal Article
Reinhorn, L. (2009). Dynamic optimal taxation with human capital. BE Journal of Macroeconomics, 9(1), Article 38. https://doi.org/10.2202/1935-1690.1436
This paper revisits the dynamic optimal taxation results of Jones, Manuelli, and Rossi (1993, 1997). They use a growth model with human capital and find that optimal taxes on both capital income and labor income converge to zero in steady state. For... Read More about Dynamic optimal taxation with human capital.