redistribution associated with the government`s provision of public goods and services and with intergenerational externalities …

system. The main findings are as follows. Firstly, the redistribution of income among individuals makes the PAYG system an …

We investigate whether late redistribution programs that can be targeted towards low income families, but may distort … savings decisions, can ldquo;dominaterdquo; early redistribution programs that cannot be targeted due to information ….S. economy (benchmark), two early redistribution (lump sum) regimes, two (targeted) late redistribution regimes, and finally a …