Working Papers by borys grochulski

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Risky Human Capital and Deferred Capital Income Taxation

By Borys Grochulski & Tomasz Piskorski
Working Paper 06-13
Released: January 2007

We study the structure of optimal wedges and capital taxes in a Mirrlees economy with endogenous skills. Human capital is a private state variable that drives the skill process of each individual. Building on the findings of the labor literature, we...

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Optimal Wealth Taxes with Risky Human Capital

By Tomasz Piskorski & Borys Grochulski
Working Paper 05-13
Released: December 2005

We study the structure of optimal wealth and labor income taxes in a Mirrlees economy in which the productivity of labor (i.e., skill) is private, stochastic, and endogenous. Individual agents' skills are determined by their level of human capital. Human...

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