, since SBTC raises the direct distributional benefits of income taxes, which more than offset their larger indirect …

This paper examines how skill-biased growth can generate economic fragmentation (income dis-parities) that give rise to …-nationalist policies (which destroy productivity, compress the income distribution and promote the benefits of social affiliation) …

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … households would pay more attention to capital income risk if they have (i) lower initial wealth endowment, (ii) lower marginal …

the Swedish income tax schedule. Using population-wide register data from the Swedish military enlistment and …

We develop and estimate a model of jointly optimal income taxes for different types of income. Compared to standard … optimal tax formulas, optimal schedular income tax rates additionally depend on cross-elasticities between tax bases capturing … fiscal externalities. We discuss two applications: the taxation of different income sources such as labor or capital income …

proportion of income) also decline by almost the same amount, suggesting shared understanding that is characteristic of social …

This paper studies the market and welfare effects of income heterogeneity in monopolistically competitive product … sensitive to price change compared to poorer ones’, a mean-preserving contraction of income distribution entices firms to charge … poorer individuals and, in specific circumstances, on the whole population. In an open economy with free trade, lower income …

significantly influenced by the timing of their experiences. Using administrative data, we study whether the order in which students … Academy in which students are randomly assigned to certain courses either during or after the semester in which they are … required to select their college major. We find that when students are assigned to a course in the same semester as they select …

This paper studies how a student’s ordinal rank in a peer group affects performance and specialisation choices in … university. By exploiting data with repeated random assignment of students to teaching sections, we find that a higher rank …: improvements in rank raise performance, while decreases in rank have no effect. Rank effects partially operate through students …