“Research is a series of false starts, of believed insights followed by profound confusion, and in the best cases, some small movement in the frontier of knowledge at the end…”

Publications and Forthcoming Papers

  1. “Machines, Buildings, and Optimal Dynamic Taxes,”  Journal of Monetary Economics, 66 (September 2014) 47-61. (with Ctirad Slavik) (PDF) (Online Appendix)
  2. “Optimal Subsidization of Business Start-ups,” Journal of Public Economic Theory (2016), 18 (4): 589–609. (PDF) (Online Appendix)
  3. “Optimal Life-cycle Capital Taxation under Self-Control Problems,” The Economic Journal (2017), 127 (602): 1188-1216. (with Nicola Pavoni) (PDF) (Online Appendix)
  4. “Intergenerational Disagreement and Optimal Taxation of Parental Transfers,” Review of Economic Studies (2017), 84 (3): 1264-1305 (with Nicola Pavoni) (PDF)
  5. “On the Consequences of Eliminating Capital Tax Differentials,” Canadian Journal of Economics (2019), 52 (1): 225-252 (with Ctirad Slavik) (PDF)
  6. “Intergenerational Education Mobility and the Level of Development,” European Economic Review (2019), 116: 160-185 (with Abdurrahman Aydemir) (PDF)

Working Papers

  1. “Optimal Taxation of Capital in the Presence of Declining Labor Share” (with Orhan Erem Atesagaoglu) (PDF) (also available as CESifo Working Paper No. 9109)
  2. “Taxation, Redistribution and Frictional Labor Supply,” (with Christopher Sleet) Under revision for the Review of Economic Studies (PDF)
  3. “Wage Risk and the Skill Premium” Revision requested by the Economic Journal (with Ctirad Slavik) (PDF) (also available as CESifo Working Paper No. 8520)
  4. “Redistributive Capital Taxation Revisited” (with Ozlem Kina and Ctirad Slavik) Revision requested by American Economic Journal: Macroeconomics (PDF) (also available as CESifo Working Paper No. 8627)


  1. “Conflict of Interest and Pecuniary Externalities” (with Nicola Pavoni)
  2. “Optimal Taxation under Technology-Education Race” (with Ctirad Slavik)


  1. Saving Behavior Across the Wealth Distribution” by Andreas Fagereng, Martin Holm, Benjamin Moll and Gisle Natvik, 12th Nordic Summer Symposium in Macroeconomics, 2018, Norway. (PDF)
  2. The Optimal Quantity of Capital and Debt” by Marcus Hagedorn, Hans A. Holter, and Yikai Wang, 11th Nordic Summer Symposium in Macroeconomics, 2017, Sweden. (PDF)
  3. “What is the source of the intergenerational correlation in earnings?” by George-Levi Gayle, Limor Golan, Mehmet A. Soytas, Koc University Winter Workshop in Economics 2015, Istanbul. (PDF)
  4. How Does Tax Progressivity and Household Heterogeneity Aect Laer Curves” by Hans A. Holter, Dirk Krueger, and Serhiy Stepanchuk, 8th Nordic Summer Symposium in Macroeconomics, 2014, Iceland. (PDF)
  5. “On the Optimality of Progressive Income Redistribution,” by Ozan Bakis, Baris Kaymak, and Markus Poschke, Koc University Winter Workshop in Economics 2013, Istanbul. (PDF)
  6. “Employment and Output Dynamics in a Model with Social Interactions in Labor Supply,” by Yusuf Soner Baskaya and Mustafa Kilinc, Koc University Winter Workshop in Economics 2010, Istanbul. (PDF)
  7. “News, Housing Boom-Bust Cycles, and Monetary Policy,” by Birol Kanik and Wei Xiao, Koc University Winter Workshop in Economics 2009, Istanbul.

Other Writings

İPM Politika Notu: Türkiye’de Eğitimde Fırsat Eşitliği