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• Comment on:: Taxes, benefits, careers, and markets by Lars!Liungqvist and Thomas J.!Sargent AI翻译
  作者：Rios-Rull, Jose-Victor
  作者单位：University of Minnesota System; University of Minnesota Twin Cities
• Optimal human capital policies AI翻译
  作者：Bohacek, Radim; Kapicka, Marek
  作者单位：University of California System; University of California Santa Barbara; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences
  摘要：We analyze optimal income taxes and optimal schooling subsidies in a dynamic private information economy with observable human capital accumulation. We show that under plausible conditions the marginal schooling subsidies are positive and that they are zero at both endpoints of the skill distribution. We compute the optimal policies and evaluate their impact over the transition and at the steady state. We find that the optimal schooling policies are significantly smaller than the optimal margi...
• Optimal savings distortions with recursive preferences AI翻译
  作者：Farhi, Emmanuel; Werning, Ivan
  作者单位：Harvard University; Massachusetts Institute of Technology (MIT)
  摘要：This paper derives an intertemporal optimality condition for economies with private information, focusing on a class of recursive preferences. By comparing it to the situation where agents can freely save in a risk-free asset market, we derive the optimal savings distortions necessary for constrained optimality. Our recursive preferences are homogeneous and satisfy a balanced-growth condition, while allowing us to separate the role of risk aversion and intertemporal elasticity of substitution....
• Comment on: Optimal saving distortions with recursive preferences by Emmanuel Fahri and Ivan Werning AI翻译
  作者：Perri, Fabrizio
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research
• Comment on: Markets versus governments by Acemoglu, Golosov and Tsyvinski AI翻译
  作者：Albanesi, Stefania
  作者单位：National Bureau of Economic Research; Columbia University; Center for Economic & Policy Research (CEPR)
• Comment on:: Altruism, incomplete markets, and tax reform by Fuster, Imrohoroglu and Imrohoroglu AI翻译
  作者：Abraham, Arpad
  作者单位：University of Rochester
• Comment on: Politically sustainable social insurance by C. Sleet and S. Yeltekin AI翻译
  作者：Azzimonti, Marina
  作者单位：University of Texas System; University of Texas Austin
• Comment on: Taxes and the global allocation of capital by Backus, Henriksen and Storesletten AI翻译
  作者：Rupert, Peter
  作者单位：University of California System; University of California Santa Barbara
• Altruism, incomplete markets, and tax reform AI翻译
  作者：Fuster, Luisa; Imrohoroglu, Ayse; Imrohoroglu, Selahattin
  作者单位：University of Southern California; University of Toronto
  摘要：We compute the welfare effects of different revenue-neutral tax reforms that eliminate capital income taxation in two general equilibrium models calibrated to the U.S. economy. In our dynastic model, the reform with the largest welfare gain is the one that eliminates all income taxation and increases the consumption tax to 35%; 75% of the population alive at the time of the reform benefit from it. Individuals use intervivos transfers and bequests to redistribute the long-run benefits. In a pur...
• Markets versus governments AI翻译
  作者：Acemoglu, Daron; Golosov, Mikhail; Tsyvinski, Aleh
  作者单位：Harvard University; Massachusetts Institute of Technology (MIT)
  摘要：We provide a simple framework for comparing market allocations with government-regulated allocations. Governments can collect information about individuals' types and enforce transfers across individuals. Markets (without significant government intervention) have to rely on transactions that are ex post beneficial for individuals. Consequently, governments achieve better risk sharing and consumption smoothing than markets. However, politicians in charge of collective decisions can use the cent...