exhibits an optimal aggregate saving rate that is independent of income risk, whereas the optimal time-invariant tax on capital …We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households … facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium effects of …

optimal aggregate saving rate is independent of income risk. The optimal time-invariant tax on capital is increasing in income …We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households … facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium feedback of …

optimal aggregate saving rate is independent of income risk. The optimal time-invariant tax on capital is increasing in income …We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households … facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium feedback of …