Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...

Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...

This paper presents ten new facts on gender and top lifetime earnings inequality in Brazil, drawing on rich administrative data covering nearly the entire formal labor market from 1985 to 2018. We document significant gender disparities in lifetime earnings, particularly among top earners, where...