Inequality, public wealth, and the federal shareholder

Giacomo Corneo

Current trends in the distribution of wealth trigger a social divide and threaten democracy in many advanced economies. I propose to counter this evolution by enhancing the role of public capital as a redistribution and empowerment device. The governance of public capital requires two novel institutions: a socially responsible Sovereign Wealth Fund and a Federal Shareholder. This paper offers an account of their possible design and sources of financing.

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Year of publication:	October 2016
Authors:	Corneo, Giacomo
Publisher:	Bonn, Germany : IZA
Subject:	public ownership \| redistribution \| Umverteilung \| Redistribution \| Vermögensverteilung \| Wealth distribution \| Staatsfonds \| Sovereign wealth fund

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Extent:	1 Online-Ressource (circa 23 Seiten)
Series:	IZA policy papers. - Bonn : [Verlag nicht ermittelbar], ZDB-ID 2503755-9. - Vol. no. 115
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/162526 [Handle]
Classification:	H0 - Public Economics. General ; H5 - National Government Expenditures and Related Policies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011555955