efficient allocations and derive conditions under which there is predistribution, i.e., redistribution through wage compression … achieving predistribution requires complementing the income tax with additional policy instruments that regulate the flow of …

efficient allocations and derive conditions under which there is predistribution, i.e., redistribution through wage compression … achieving predistribution requires complementing the income tax with additional policy instruments that regulate the flow of …

predistribution, that is, a more equal distribution of the predetermined income earning capabilities that individuals bring to the … market. We show that optimal fiscal policies are less redistributive when the predistribution is more equal. We then quantify … the value of a more equal predistribution. We show that total consumption is higher with a more equal predistribution. We …