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We study optimal taxation in a model with endogenous financial frictions, risky investment and occupational choice, where the distribution of wealth across entrepreneurs affects how efficiently capital is used. The planner chooses linear taxes on wealth, capital and labor income to maximize the...
Persistent link: https://www.econbiz.de/10013191056
We study optimal taxation in a model with endogenous financial frictions, risky investment and occupational choice, where the distribution of wealth across entrepreneurs affects how efficiently capital is used. The planner chooses linear taxes on wealth, capital and labor income to maximize the...
Persistent link: https://www.econbiz.de/10013194281
evolution by enhancing the role of public capital as a redistribution and empowerment device. The governance of public capital …
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. I propose to counter this evolution by enhancing the role of public capital as a redistribution and empowerment device …
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