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...
| প্রধান লেখক: | |
|---|---|
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
1992.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 1992/105 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |