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We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear …
Persistent link: https://www.econbiz.de/10013020515
that these effects are most pronounced for students exposed to school closings. Furthermore, students initially enrolled in …
Persistent link: https://www.econbiz.de/10012979670