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Men are generally observed to experience steeper wage increases during their work lives than women. Furthermore, men generally supply more hours to the labor market than women. While these observations are no longer as pronounced as they were 50 years ago, they still remain broadly true. This...
Persistent link: https://www.econbiz.de/10005069469
We study dynamic optimal taxation in a class of economies with private information over idiosyncratic skill shocks. We consider economies in which the skill distribution is first order Markov. We show that there exists a tax system that implements the constrained optimal allocation as...
Persistent link: https://www.econbiz.de/10005069493