Comparing steady states of an overlapping-generations economy, Gary S. Becker and Nigel Tomes (1979) and James B. Davies (1986) have noted that redistributive taxation can be disequalizing. This paper solves for the full transition path of inequality after a redistributive tax increase. The...

The subject of labor unions in Latin America provokes a variety of diverse and strongly held views. While some see unions as a way to protect workers' rights and ensure an equitable distribution of income, others see unions as a drain of productivity or an intrusion of politics into the...

The subject of labor unions in Latin America provokes a variety of diverse and strongly held views. While some see unions as a way to protect workers' rights and ensure an equitable distribution of income, others see unions as a drain of productivity or an intrusion of politics into the...