Schindler, Dirk; Yang, Hongyan - In: International Tax and Public Finance 22 (2015) 2, pp. 274-310
To analyze the optimal social insurance package, we set up a two-period life-cycle model with risky human capital … investment in which the government has access to labor taxation, education subsidies, and capital taxation. Social insurance is … provided by redistributive labor taxation. We point out that both education subsidies and capital taxation are used as …