Reinhorn Leslie J. - In: The B.E. Journal of Macroeconomics 9 (2009) 1, pp. 1-21
This paper revisits the dynamic optimal taxation results of Jones, Manuelli, and Rossi (1993, 1997). They use a growth model with human capital and find that optimal taxes on both capital income and labor income converge to zero in steady state. For one of the models under consideration, I show...