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dc.contributor.authorGOTTARDI, Piero
dc.contributor.authorKAJII, Atsushi
dc.contributor.authorNAKAJIMA, Tomoyuki
dc.date.accessioned2014-07-08T14:37:25Z
dc.date.available2014-07-08T14:37:25Z
dc.date.issued2014
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/32016
dc.description.abstractWe consider an economy where individuals face uninsurable risks to their human capital accumulation, and study the problem of determining the optimal level of linear taxes on capital and labor income together with the optimal path of the debt level. We show both analytically and numerically that in the presence of such risks it is bene cial to tax both labor and capital income and to have positive government debt.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2014/08en
dc.relation.hasversionhttp://hdl.handle.net/1814/38586
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectRamsey equilibriumen
dc.subjectOptimal taxationen
dc.subjectIncomplete marketsen
dc.subjectOptimal public debten
dc.subjectD52en
dc.subjectD60en
dc.subjectD90en
dc.subjectE20en
dc.subjectE62en
dc.subjectH21en
dc.subjectO40en
dc.titleOptimal taxation and debt with uninsurable risks to human capital accumulationen
dc.typeWorking Paperen
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