Appendix for “ Optimal Taxation and Human Capital Policies over the Life Cycle ”

@inproceedings{Stantcheva2016AppendixF,
  title={Appendix for “ Optimal Taxation and Human Capital Policies over the Life Cycle ”},
  author={Stefanie Stantcheva},
  year={2016}
}
  • Stefanie Stantcheva
  • Published 2016
A sequential reformulation of the recursive allocations: Any solution to the recursive social planner's problem can be mapped into a solution which depends on the full past history, using a recursive construction. To see this, denote the solutions to the recursive problem at time t, for each realized type θ t , as a function of all state variables by: v * t and the solutions to the planner's sequential problem by x * t θ t = y * t θ t , s * t θ t , c * t θ t. The dependence on initial promised… CONTINUE READING

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Kapicka, “Optimal human capital policies,

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