Haan, Peter; Kemptner, Daniel; Prowse, Victoria - 2018
, taxes and transfers mitigate around 60% of the inequality in lifetime earnings that is attributable to employment and health …In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system …