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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 ...
The Long-Term Distributional and Welfare Effects of Covid-19 School Closures
Using a structural life-cycle model, we quantify the long-term impact of school closures during the Corona crisis on children affected at different ages and coming from households with different parental characteristics. ...