We quantitatively characterize the optimal capital and labor income tax in an overlapping
generations model with idiosyncratic, uninsurable income shocks and permanent …

This paper studies the quantitative impact of eliminating capital income taxation on capital
accumulation and steady-state welfare in a general equilibrium model with overlapping …

This paper computes the optimal progressivity of the income tax code in a dynamic general
equilibrium model with household heterogeneity in which uninsurable labor productivity risk …

We develop a quantitative theory of economic inequality to investigate the effects of
replacing the current US progressive income tax system with a proportional one. The cross …

This paper argues that high marginal labor income tax rates on top earners are an effective
tool for social insurance even when households have high labor supply elasticity …

This paper derives optimal income tax and human capital policies in a life cycle model with
risky human capital. The government faces asymmetric information regarding agents' ability …

Under a narrow set of assumptions, Chamley (1986) established that the optimal tax rate on
capital income is eventually zero. This study examines and extends that result by relaxing …

This paper develops a realistic, tractable theoretical model that can be used to investigate
socially-optimal capital taxation. We present a dynamic model of savings and bequests with …

[eng] This paper provides, from a theoretical and quantitative point of view, an explanation of
why taxes on capital returns are high (around 35%) by analyzing the optimal fiscal policy in …

This paper analyzes optimal linear and non-linear taxes on capital and labor incomes in a
life-cycle model of human capital investment, financial savings, and labor supply with …