Optimal Mirrleesean taxation in a Ben-Porath economy

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F15%3A00441164" target="_blank" >RIV/67985998:_____/15:00441164 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11640/15:00441348
Result on the web
<a href="http://dx.doi.org/10.1257/mac.20110110" target="_blank" >http://dx.doi.org/10.1257/mac.20110110</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1257/mac.20110110" target="_blank" >10.1257/mac.20110110</a>

Result language
angličtina
Original language name
Optimal Mirrleesean taxation in a Ben-Porath economy
Original language description
I characterize optimal taxes in a life-cycle economy where ability and human capital are unobservable. I show that unobservable human capital effectively makes preferences over labor nonseparable across age. I generalize the static optimal tax formulas to account for such nonseparabilities, and show how they depend both on own-Frisch labor elasticities and cross-Frisch labor elasticities. I calibrate the economy to US data. I find that the optimal marginal income taxes decrease with age, in contrast toboth the US tax code and to a model with observable human capital. I demonstrate that the behavior of cross-Frisch elasticities is essential in explaining the decline.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—

Project
<a href="/en/project/GA13-29370S" target="_blank" >GA13-29370S: Dynamic Optimal Taxation over a Life-Cycle: The Role of Human Capital</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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