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Optimal skill distribution under convex skill costs

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  • Tin Cheuk Leung
  • Hakki Yazici

Abstract

This paper studies optimal distribution of skills in an optimal income tax framework with convex skill constraints. The problem is cast as a social planning problem where a redistributive planner chooses how to distribute a given amount of aggregate skills across people. We find that optimal skill distribution is either perfectly equal or perfectly unequal, but an interior level of skill inequality is never optimal.

Suggested Citation

  • Tin Cheuk Leung & Hakki Yazici, 2018. "Optimal skill distribution under convex skill costs," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 18(1), pages 29-34.
    • Handle: RePEc:tcb:cebare:v:18:y:2018:i:1:p:29-34
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    File URL: https://www.sciencedirect.com/journal/central-bank-review/vol/18/issue/1
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