investments through equity rather than debt andsupply income insurance. The government, however, can circumventthis problem and … equityfinancing of education coupled to provision of some income insuranceis the optimal way to finance education when private markets …

, financial savings, and labor supply with heteroge-nous individuals. A dual income tax with a positive marginal tax rate on not … onlylabor income but also capital income is optimal. The positive tax on capital incomeserves to alleviate the distortions of … the labor tax on human capital accumulation.The optimal marginal tax rate on capital income is lower than that on labor …

We develop models of optimal linear and non-linear income taxation with endogenous human capital formation to explore …

We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously …

, since SBTC raises the direct distributional benefits of income taxes, which more than offset their larger indirect …

This paper analyzes optimal linear taxes on labor income and savings in a standard two-period life-cycle model with … endogenous leisure demands in both periods and non-insurable income risks. Households are subject to skill shocks in both periods …

A flat tax rate on income has gained popularity in European countries. This paper assesses the attractiveness of such a … in the Netherlands by a flat rate will harm labour market performance if aggregate income inequality is contained. This …

We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously …

, financial savings, and labor supply with heteroge-nous individuals. A dual income tax with a positive marginal tax rate on not … onlylabor income but also capital income is optimal. The positive tax on capital incomeserves to alleviate the distortions of … the labor tax on human capital accumulation.The optimal marginal tax rate on capital income is lower than that on labor …

We develop models of optimal linear and non-linear income taxation with endogenous human capital formation to explore …