000			01234nam a22001457a 4500
999			_c525947 _d525947
008			240426b ||||| |||| 00| 0 eng d
100			_aKina, O., Slavík, C. and Yazici, H. _951901
245			_aRedistributive capital taxation revisited
260			_aAmerican Economic Journal: Microeconomics
300			_a16(2), Apr, 2024: p.182-216
520			_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
773			_aAmerican Economic Journal: Microeconomics
906			_aTAXATION
942			_cAR