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Replication data for: Optimal Mirrleesean Taxation in a Ben-Porath Economy

Version
1
Resource Type
Dataset
Creator
  • Kapička, Marek
Publication Date
2014-12-30
Description
  • Abstract

    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 to both 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. (JEL D91, H21, H24, J24)
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/mac.20110110 (Text)
Publications
  • Kapicka, Marek. “Optimal Mirrleesean Taxation in a Ben-Porath Economy.” American Economic Journal: Macroeconomics 7, no. 2 (April 2015): 219–48. https://doi.org/10.1257/mac.20110110.
    • ID: 10.1257/mac.20110110 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Kapička, Marek (2014): Replication data for: Optimal Mirrleesean Taxation in a Ben-Porath Economy. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. http://doi.org/10.3886/E114049V1