Stantcheva, Stefanie
Optimal taxation and human capital policies over the life cycle / Stefanie Stantcheva .-- , 2017
Disponible en formato electrónico a través de la Biblioteca del IEF
Resumen.
Bibliografía.
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, its evolution, and labor supply. When the wage elasticity with respect to ability is increasing in human capital, the optimal subsidy involves less than full deductibility of human capital expenses on the tax base and falls with age. Incomecontingent
loans or a deferred deductibility scheme can implement
the optimum. Numerical results suggest that full deductibility of expenses and that simple linear age-dependent policies
perform very well.
IMPOSICION OPTIMA
CAPITAL HUMANO
EDADES DE LA VIDA
MODELOS ECONOMETRICOS
Journal of Political Economy 0022-3808 v. 125, n. 6, December 2017, p. 1931-1990
Optimal taxation and human capital policies over the life cycle / Stefanie Stantcheva .-- , 2017
Disponible en formato electrónico a través de la Biblioteca del IEF
Resumen.
Bibliografía.
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, its evolution, and labor supply. When the wage elasticity with respect to ability is increasing in human capital, the optimal subsidy involves less than full deductibility of human capital expenses on the tax base and falls with age. Incomecontingent
loans or a deferred deductibility scheme can implement
the optimum. Numerical results suggest that full deductibility of expenses and that simple linear age-dependent policies
perform very well.
IMPOSICION OPTIMA
CAPITAL HUMANO
EDADES DE LA VIDA
MODELOS ECONOMETRICOS
Journal of Political Economy 0022-3808 v. 125, n. 6, December 2017, p. 1931-1990