How does income affect religiousness? Using self-collected survey data, we estimate the effects of income on religious … behaviour. As a source of exogenous income variation we use a change in the eligibility criteria for a government cash transfer … income on religiousness. Households that earn more go to church more often. Households that earn more are also more likely to …

We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear …