Conesa, Juan Carlos; Kitao, Sagiri; Krueger, Dirk - Center for Financial Studies - 2006
Classification: E62, H21, H24
Keywords: Progressive Taxation, Capital Taxation, Optimal Taxation
1 Introduction
Should the …-
syncratic risk is not insurable, Aiyagari (1995) suggests that positive capital
taxation may be optimal, in order to cure the …