proportional taxes on labor and capital. I first consider the case that the only asset the government can trade is a real risk … contingent source of revenues. I thus identify a novel potential role for capital taxation as a risk sharing instrument between … ownership provides the same benefit or risk sharing but without the cost of tax distortions. In a variety of quantitative …

This paper develops a theory of optimal taxation with behavioral agents. We use a general behavioral framework that …

We develop a theory of optimal estate taxation in a model where bequest inequality is driven by differences in parental …