voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged. …

framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote …

-generational redistribution strategically to make the repayment of debt politically viable? Using a two-generations game-theoretic model, we …

endogenous fertility that address the problem of fiscal redistribution between young and old cohorts in the presence of an aging …

public provision of education for equalisation of opportunities rather than income taxation, which only equalizes incomes. We … cases can be transparently compared. We show that in addition to education policies, progressive taxation also plays a role …

We formalize and estimate the dynamic marginal efficiency cost of redistribution (MECR) in the spirit of Okun’s “leaky … children, we find that (ii) dominates (i) and therefore the childcare subsidy is the more efficient redistribution tool. …

taxation in place, all employed workers can become better-off provided that the unemployed receive limited welfare support …. With progressive taxation in place, the minimum wage may garner political support (i.e. a majority) even when the …

income redistribution and employment creation. In particular, the introduction of both a guaranteed annual income (basic …

We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results …