NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Preference Heterogeneity and Optimal Capital Income Taxation

Mikhail Golosov, Maxim Troshkin, Aleh Tsyvinski, Matthew Weinzierl

NBER Working Paper No. 16619
Issued in December 2010

---- Acknowledgements -----

Golosov: Yale and NES; Troshkin: University of Minnesota and Minneapolis FRB; Tsyvinski: Yale and NES; Weinzierl: Harvard Business School and NBER. Golosov and Tsyvinski thank the NSF for support and EIEF for hospitality. We thank Doug Bernheim, Richard Blundell, V.V. Chari, Alex Gelber, Jon Heathcote, Caroline Hoxby, Erik Hurst, Larry Jones, Emir Kamenica, Louis Kaplow, Jakub Kastl, Henrik Kleven, Greg Mankiw, Ellen McGrattan, Kevin Murphy, Chris Phelan, Luigi Pistaferri, Jim Poterba, Canice Prendergast, Jesse Shapiro, Ali Shourideh, Jon Skinner, Johannes Spinnewijn, Kjetil Storesletten, and Rob Williams for comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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