People are heterogenous in the skills by which they turn eort into output. A central question in normative public economics is how to redistribute resources from more- to less-skilled individuals eciently. In addition to income taxation, this paper considers another policy tool of redistribution...

People are heterogenous in the skills by which they turn eort into output. A central question in normative public economics is how to redistribute resources from more- to less-skilled individuals eciently. In addition to income taxation, this paper considers another policy tool of redistribution...

People are heterogeneous in the skills by which they turn effort into output. A central question in normative public economics is how to redistribute resources from more- to less-skilled individuals efficiently. In addition to income taxation, this paper considers another policy tool of...