People are heterogenous in the skills by which they turn eort into output. A central question in normative public economics is how to redistribute resources from more- to less-skilled individuals eciently. In addition to income taxation, this paper considers another policy tool of redistribution...

Turkish Abstract: Türkiye’de sanayileşme ve şehirleşme süreci ile ortaya çıkan, 1950’li yıllardan sonra hızlanan, kırdan kente olan göçlerin çeşitli aşamalar geçirerek, tip ve şekiller kazanarak günümüze kadar ulaştığı bilinen bir gerçektir. Bu süreçte sürekli...

We study optimal taxation of savings in an economy where agents face self-control problems and are allowed to be partially naive. We assume that the severity of self-control problems changes over the life-cycle. We focus on quasihyperbolic discounting with constant elasticity of intertemporal...

The effective taxes on capital returns differ depending on capital type in the U.S. tax code. This paper uncovers a novel reason for the optimality of differential capital taxation. We set up a model with two types of capital – equipments and structures – and equipment-skill complementarity....

This paper studies efficient allocation of resources in an economy in which potential entrepreneurs are heterogeneous initially regarding their wealth levels and whether they have ideas or not. An agent with an idea can start a business which generates random returns. I assume agents have...