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 …

A growing number of American states require that students who do not demonstrate basic reading proficiency at the end …

We study whether early tracking of students based on ability increases migrant-native achievement gaps. To eliminate …