Optimal taxation and the Domar‐Musgrave effect.
This article concerns the optimal choice of flat taxes on labor and capital income, and on consumption, in a tractable economic model in which agents are subject to idiosyncratic investment risk. We identify the tax rates which maximize welfare in stationary equilibrium while preserving tax revenue,...
| Publicado en: | Economic Inquiry Vol. 63; no. 4; pp. 1170 - 1201 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Oct2025
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |