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On the Optimal Provision of Social Insurance
In this paper we compute the optimal tax and education policy transition in an economy where progressive taxes provide social insurance against idiosyncratic wage risk, but distort the education decision of households. ...
Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general ...