Conesa, Juan Carlos (contributor); Kitao, Sagiri (contributor) - 2006
of different abilities. Such insurance and
redistribution can be achieved by progressive labor income taxes or taxation … 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 …