This paper derives optimal income tax and human capital policies in a dynamic life cycle model of labor supply and … optimal subsidy involves less than full deductibility of human capital expenses on the tax base, and falls with age. I … consider two ways to implement the optimum: income contingent loans, and a tax scheme that allows for a deferred deductibility …

In this paper we argue that very high marginal labor income tax rates are an effective tool for social insurance even … fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of …

use it to assess the consequences of changes in tax and transfer policies on equilibrium hours of work. We find that …

We use anticipated changes in tax rates associated with changes in family composition to estimate intertemporal labor … supply elasticities and elasticities of taxable income with respect to the net-of-tax wage rate. Changes in the ages of … children can affect marginal tax rates through provisions of the tax code that are tied to child age and dependent status. We …