01351nam a22001577a 4500999001900000008004100019100005000060245004600110260004900156300003200205520078000237773004901017906001301066942000701079952010701086  c525947d525947240426b           ||||| |||| 00| 0 eng d  aKina, O., Slavík, C. and Yazici, H. 951901  aRedistributive capital taxation revisited  aAmerican Economic Journal: Microeconomics     a16(2), Apr, 2024: p.182-216  aThis paper uses a rich quantitative model with endogenous skill acquisition to show that capital-skill complementarity provides a quantitatively significant rationale to tax capital for redistributive governments. The optimal capital income tax rate is 67 percent, while it is 61 percent in an identically calibrated model without capital-skill complementarity. The skill premium falls from 1.9 to 1.84 along the transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution from skilled to unskilled workers. These results show that a redistributive government should take into account capital-skill complementarity when taxing capital.- Reproduced 

https://www.aeaweb.org/articles?id=10.1257/mac.20200395
  aAmerican Economic Journal: Microeconomics     aTAXATION  cAR  00102ddc40709401001aIIPAbIIPAd2024-04-26h16(2), Apr, 2024: p.182-216pAR131740r2024-04-26yAR