Matches in SemOpenAlex for { <https://semopenalex.org/work/W2788616674> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W2788616674 abstract "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 equilibrium feedback of private precautionary saving. For logarithmic utility our full analytical solution of the Ramsey problem shows that the optimal aggregate saving rate is independent of income risk. The optimal time-invariant tax on capital is increasing in income risk. Its sign depends on the extent of risk and on the Pareto weight of future generations. If the Ramsey tax rate that maximizes steady state utility is positive, then implementing this tax rate permanently generates a Pareto-improving transition even if the initial equilibrium is dynamically efficient. We generalize our results to Epstein-Zin-Weil utility and show that the optimal steady state saving rate is increasing in income risk if and only if the intertemporal elasticity of substitution is smaller than 1." @default.
- W2788616674 created "2018-03-06" @default.
- W2788616674 creator A5026600751 @default.
- W2788616674 creator A5049262173 @default.
- W2788616674 date "2018-01-01" @default.
- W2788616674 modified "2023-09-26" @default.
- W2788616674 title "Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk" @default.
- W2788616674 doi "https://doi.org/10.2139/ssrn.3164218" @default.
- W2788616674 hasPublicationYear "2018" @default.
- W2788616674 type Work @default.
- W2788616674 sameAs 2788616674 @default.
- W2788616674 citedByCount "1" @default.
- W2788616674 countsByYear W27886166742021 @default.
- W2788616674 crossrefType "journal-article" @default.
- W2788616674 hasAuthorship W2788616674A5026600751 @default.
- W2788616674 hasAuthorship W2788616674A5049262173 @default.
- W2788616674 hasBestOaLocation W27886166742 @default.
- W2788616674 hasConcept C100001284 @default.
- W2788616674 hasConcept C149782125 @default.
- W2788616674 hasConcept C162324750 @default.
- W2788616674 hasConcept C165786947 @default.
- W2788616674 hasConcept C166957645 @default.
- W2788616674 hasConcept C175025494 @default.
- W2788616674 hasConcept C175444787 @default.
- W2788616674 hasConcept C2776195949 @default.
- W2788616674 hasConcept C2779755355 @default.
- W2788616674 hasConcept C556758197 @default.
- W2788616674 hasConcept C7386506 @default.
- W2788616674 hasConcept C83646750 @default.
- W2788616674 hasConcept C95457728 @default.
- W2788616674 hasConceptScore W2788616674C100001284 @default.
- W2788616674 hasConceptScore W2788616674C149782125 @default.
- W2788616674 hasConceptScore W2788616674C162324750 @default.
- W2788616674 hasConceptScore W2788616674C165786947 @default.
- W2788616674 hasConceptScore W2788616674C166957645 @default.
- W2788616674 hasConceptScore W2788616674C175025494 @default.
- W2788616674 hasConceptScore W2788616674C175444787 @default.
- W2788616674 hasConceptScore W2788616674C2776195949 @default.
- W2788616674 hasConceptScore W2788616674C2779755355 @default.
- W2788616674 hasConceptScore W2788616674C556758197 @default.
- W2788616674 hasConceptScore W2788616674C7386506 @default.
- W2788616674 hasConceptScore W2788616674C83646750 @default.
- W2788616674 hasConceptScore W2788616674C95457728 @default.
- W2788616674 hasLocation W27886166741 @default.
- W2788616674 hasLocation W27886166742 @default.
- W2788616674 hasLocation W27886166743 @default.
- W2788616674 hasLocation W27886166744 @default.
- W2788616674 hasLocation W27886166745 @default.
- W2788616674 hasLocation W27886166746 @default.
- W2788616674 hasLocation W27886166747 @default.
- W2788616674 hasLocation W27886166748 @default.
- W2788616674 hasOpenAccess W2788616674 @default.
- W2788616674 hasPrimaryLocation W27886166741 @default.
- W2788616674 hasRelatedWork W1510386942 @default.
- W2788616674 hasRelatedWork W1563734536 @default.
- W2788616674 hasRelatedWork W1973651871 @default.
- W2788616674 hasRelatedWork W2041022632 @default.
- W2788616674 hasRelatedWork W2132295028 @default.
- W2788616674 hasRelatedWork W2144006286 @default.
- W2788616674 hasRelatedWork W2151886664 @default.
- W2788616674 hasRelatedWork W2254854162 @default.
- W2788616674 hasRelatedWork W2883667872 @default.
- W2788616674 hasRelatedWork W3027398328 @default.
- W2788616674 hasRelatedWork W3121889685 @default.
- W2788616674 hasRelatedWork W3123981084 @default.
- W2788616674 hasRelatedWork W3124679349 @default.
- W2788616674 hasRelatedWork W3124782445 @default.
- W2788616674 hasRelatedWork W3147399745 @default.
- W2788616674 hasRelatedWork W3148328514 @default.
- W2788616674 hasRelatedWork W3198419261 @default.
- W2788616674 hasRelatedWork W1956981925 @default.
- W2788616674 hasRelatedWork W2127645661 @default.
- W2788616674 hasRelatedWork W3123542799 @default.
- W2788616674 isParatext "false" @default.
- W2788616674 isRetracted "false" @default.
- W2788616674 magId "2788616674" @default.
- W2788616674 workType "article" @default.