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...

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Podrobná bibliografie
Hlavní autor: Hu, Zuliu
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1992.
Edice:IMF Working Papers; Working Paper ; No. 1992/105
On-line přístup:Full text available on IMF

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