' policy choices by transferring money to them. We observe very high levels of redistribution - even when transfers to …

’ policy choices by transferring money to them. We observe very high levels of redistribution – even when transfers to …

lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system … risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime … insurance effects of taxation may be improved by moving to a progressive tax on lifetime earnings. Similarly, the lifetime …

We consider redistributional taxation between people with and without human capital if education is endogenous and if … individuals differ in their perceptions about own ability. Those who see their ability as low like redistributive taxation because … of the transfers it generates. Those who see their ability as high may also like redistributive taxation because it stops …

If redistribution is distortionary, and if the income of skilled workers is due to knowledgeintensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R and D because it … that standard redistribution always dominates limitations to IPRs. …

contributions, a lump-sum redistribution from fathers to mothers may make children better off, but both parents worse off, or vice …

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 …