Data from: Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation

This record contains the underlying research data for the publication "Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation" and the full-text is available from: https://ink.library.smu.edu.sg/soe_research/1799We consider an economy where individuals face uninsurable risks to their human capital accumulation and analyze the optimal level of linear taxes on capital and labor income together with the optimal path of government debt. We show that in the presence of such risks, it is beneficial to tax both labor and capital and to issue public debt. We also assess the quantitative importance of these findings, and show that the benefits of government debt and capital taxes both increase with the magnitude of idiosyncratic risks and the degree of relative risk aversion.

本数据集包含论文《Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation》（《人力资本积累不可保险风险下的最优税收与债务》）的支撑研究数据，论文全文可通过以下链接获取：https://ink.library.smu.edu.sg/soe_research/1799。本研究考察个体面临人力资本积累不可保险风险的经济体，分析了资本与劳动收入的线性最优税率水平以及政府债务的最优路径。研究表明，当存在此类风险时，对劳动与资本同时征税并发行公共债务为合意的政策选择。本研究还量化评估了上述结论的现实意义，并证明：政府债务与资本税的政策收益，均随特异风险的规模以及相对风险厌恶程度的提升而增加。