Artikel

Optimal skill distribution under convex skill costs

This paper studies optimal distribution of skills in an optimal income tax framework with convex skill constraints. The problem is cast as a social planning problem where a redistributive planner chooses how to distribute a given amount of aggregate skills across people. We find that optimal skill distribution is either perfectly equal or perfectly unequal, but an interior level of skill inequality is never optimal.

Language
Englisch

Bibliographic citation
Journal: Central Bank Review (CBR) ; ISSN: 1303-0701 ; Volume: 18 ; Year: 2018 ; Issue: 1 ; Pages: 29-34 ; Amsterdam: Elsevier

Classification
Wirtschaft
Subject
Skill distribution
Convex skill costs
Optimal taxation

Event
Geistige Schöpfung
(who)
Leung, Tin Cheuk
Yazici, Hakki
Event
Veröffentlichung
(who)
Elsevier
(where)
Amsterdam
(when)
2018

DOI
doi:10.1016/j.cbrev.2017.11.003
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Leung, Tin Cheuk
  • Yazici, Hakki
  • Elsevier

Time of origin

  • 2018

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