000			01100nam a22001457a 4500
999			_c518898 _d518898
008			211218b ||||| |||| 00| 0 eng d
100			_aBruggemann, Bettina _931152
245			_aHigher taxes at the top: The role of entrepreneurs
260			_aThe American Economic Journal: Macroeconomic
300			_a13(3), Jul, 2021: p.1-36
520			_aThis paper computes optimal top marginal tax rates in Bewley-Huggett-Aiyagari–type economies that include entrepreneurs. Consistent with the data, entrepreneurs are overrepresented at the top of the income distribution and are thus disproportionately affected by an increase in the top marginal income tax rate. The top marginal tax rate that maximizes welfare is 60 percent. While average welfare gains are positive and similar across occupations along the transition, they are larger for entrepreneurs than for workers in the long run, and this occupational gap in welfare gains after the tax increase widens with increasing income. – Reproduced
773			_aThe American Economic Journal: Macroeconomic
906			_aTAXATION
942			_cAR