We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a …

optimization problem that aims at preserving for each wealth instrument the level of inequality measured by the Gini coefficient …The Household Finance and Consumption Survey (HFCS) provides valuable information for the monetary policy and financial …. In addition, a lower and an upper bound of inequality are derived, that can be reached by extreme allocations of the …

distributions. While useful in studies of ergodic wealth accumulation processes and the persistence of inequality, our results can … capital income and earnings taxation on expected wealth concentration over higher quantiles as well as on conditional upper … tail dispersion of wealth holdings, qualifying previous results that solely rely on the determination of Pareto exponents. …