Risk-Taking and Optimal Taxation with Nontradable Human Capital /
What are the effects of taxation on individual/entrepreneurs' risk-taking behavior? This paper re-examines this old question in a continuous time life-cycle model. We demonstrate that the stream of uncertain income from human capital has systematic effects on demand for the risky physical capit...
| Autor principal: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 1992/105 |
| Accés en línia: | Full text available on IMF |