Guner, Nezih; López-Segovia, Javier; Ramos, Roberto - In: SERIEs : Journal of the Spanish Economic Association 11 (2020) 4, pp. 369-406
question, we build a life-cycle economy with uninsurable labor productivity risk and endogenous labor supply. Individuals face … labor supply and capital. As a result, the government collects higher taxes from a smaller economy. The total tax revenue is …