In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system … offsets around half of the inequality in lifetime earnings that is due to differences in skill endowments. At the same time …

-income countries could raise income inequality in Europe and the US, empirical estimates indicated only a modest contribution of trade …

outcomes such as medical care costs, educational attainment, employment, wages, and crime. It also reviews the research on …

outcomes such as medical care costs, educational attainment, employment, wages, and crime. It also reviews the research on …

overconfidence matters for gender inequality in the labor market and has implications for how firms recruit and promote workers …

at least one child born in the cohort of 1975-1985 is matched with Ministry of Education records on all those who … important for academic degrees than for the matriculation certificate. Furthermore, the education and occupation of mothers and …

differentially impacting the investments in children by parents across education groups. A larger return to college will create … stronger incentives to invest in children by parents with more education, if educated parents have a comparative advantage in … educated mothers in states with a larger increase in the return to education are more likely to be married, less likely to …

family income, parents' education, race/ethnicity and gender, being better-looking raised subsequent changes in measurements …

expected, students who perceive the monetary returns to education to be higher are more likely to intend to continue in full …-time education. However, the main driver is the perceived consumption value, which alone explains around half of the variation of the … intention to pursue higher education. Moreover, the perceived consumption value can account for a substantial part of both the …

This study combines novel financial-literacy data with measures of attitudes to redistribution from the British … intervention for income redistribution. The effect is robust to several specifications, samples, longitudinal models and … types of inequality/discrimination, e.g. based on gender, race or sexual orientation. An inquiry into the mechanisms of the …