Redistributive Capital Taxation Revisited
通过包含内生技能获取的定量模型，发现资本与技能互补性为再分配政府征收资本税提供了显著理由，最优资本所得税率为67%，且技能溢价下降，表明应重视这一互补性。
This 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.