are poor, leading to a redistributive motive for taxation. Optimal tax rates can be written as a closed-form function of …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 …

are poor, leading to a redistributive motive for taxation. Optimal tax rates can be written as a closed-form function of …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 …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …

We evaluate the effectiveness of a more progressive tax scheme in raising government revenues. We develop a life …-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the … Federal Income tax, and flat-rate taxes that capture payroll, state and local taxes and the corporate income tax. We …

unchanged. In this scenario, a change in the mode of taxation affects the present value of disposable income in the private …

The paper generalizes Feldstein's criticism (Perceived Wealth in Bonds and Social Security, 1976) of Barro's analysis … (Are Government Bonds Real Net Wealth?, 1974) for the case that the interest rate exceeds the growth rate. This is done by … mode of taxation affects the present value of disposable income in the private sector. This violates their Barro …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …

The paper generalizes Feldstein's criticism (Perceived Wealth in Bonds and Social Security, 1976) of Barro's analysis … (Are Government Bonds Real Net Wealth?, 1974) for the case that the interest rate exceeds the growth rate. This is done by … mode of taxation affects the present value of disposable income in the private sector. This violates their Barro …