Turkish Abstract: Türkiye’de sanayileşme ve şehirleşme süreci ile ortaya çıkan, 1950’li yıllardan sonra hızlanan, kırdan kente olan göçlerin çeşitli aşamalar geçirerek, tip ve şekiller kazanarak günümüze kadar ulaştığı bilinen bir gerçektir. Bu süreçte sürekli...

We analyze the implications of the decline in labor’s share in national income for optimal Ramsey taxation. It is optimal to accompany the decline in labor share by raising capital taxes only if the labor share is falling because of a decline in competition or other mechanisms that raise the...

This paper shows that capital-skill complementarity provides a quantitatively significant rationale to tax capital for redistributive governments. The optimal capital income tax rate is 60%, which is significantly higher than the optimal rate of 48% in an identically calibrated model without...

In the United States structure and equipment capital are effectively taxed at different rates. Recently, President Obama joined the group of policy makers and economists who propose to eliminate these differentials. This paper analyzes the consequences of such a reform using an incomplete...