We develop and estimate a model of jointly optimal income taxes for different types of income. Compared to standard … optimal tax formulas, optimal schedular income tax rates additionally depend on cross-elasticities between tax bases capturing … fiscal externalities. We discuss two applications: the taxation of different income sources such as labor or capital income …

proportion of income) also decline by almost the same amount, suggesting shared understanding that is characteristic of social …

This paper draws on household survey data from countries of all income levels to measure how average unemployment rates … vary with income per capita. We document that unemployment is increasing with GDP per capita. Furthermore, we show that … per capita, rather than by high-educated workers, whose unemployment rates are not correlated with income. To interpret …

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … households would pay more attention to capital income risk if they have (i) lower initial wealth endowment, (ii) lower marginal …

This paper documents earnings dynamics over the life-cycle and income level using a large administrative database from … normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with …, there is no evidence of an added-worker effect but government insurance and income pooling can mitigate the pass-through of …

perceptions of intergenerational mobility change along the income distribution. Empirically, we conduct a survey experiment in … Austria and show that the average treatment effect of information on perceptions is mostly driven by higher income individuals … while low-income respondents hardly react. We replicate this result for the United States and Germany using data from two …

We study the effect of lower unearned income on labor supply. To identify the causal effect of an unexpected reduction … in unearned income, we exploit a policy reform that lowered survivor pensions in Austria. Men widowed after the survivor … to a labor supply elasticity at the extensive margin with respect to the changes in total income of about –0.9 to –1.3 …

the Swedish income tax schedule. Using population-wide register data from the Swedish military enlistment and …

theory characterizes how innovation and learning determine technology gaps, trade and global income inequality. Countries …