In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing … 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 …

In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing … 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 …

effect of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven …

effect of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven …

supply ; income taxation … a tax reform targeted at low income individuals on employment behavior and retirement decisions. -- Life-cycle labor …

supply ; income taxation … a tax reform targeted at low income individuals on employment behavior and retirement decisions. -- Life-cycle labor …