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Persistent link: https://www.econbiz.de/10003770490
This paper characterizes the welfare gains from redistributive taxation and social insurance in an environment where the private sector provides partial insurance. We analyze stylized models in which adverse selection, pre-existing information, or imperfect optimization in private insurance...
Persistent link: https://www.econbiz.de/10012753423
This paper characterizes the welfare gains from redistributive taxation and social insurance in an environment where the private sector provides partial insurance. We analyze stylized models in which adverse selection, pre-existing information, or imperfect optimization in private insurance...
Persistent link: https://www.econbiz.de/10012464244
show that the progressive labor tax can partially substitute for the redistribution in social security, thus reducing the …
Persistent link: https://www.econbiz.de/10012888436
We explore the welfare consequences of different taxation schemes in an economy where agents are debt-constrained. If agents default on their debt, they are banned from future intertemporal trade, but retain their private (labor) endowments which are subject to income taxation. We impose...
Persistent link: https://www.econbiz.de/10012768476
Persistent link: https://www.econbiz.de/10001874434
fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of …
Persistent link: https://www.econbiz.de/10010411559
Persistent link: https://www.econbiz.de/10014364214
While it is now generally accepted that some redistribution of economic power is a legitimate goal of government, there … is no consensus as to the type of redistribution that should be pursued. In the absence of a clear redistributive goal … article, we examine alternative models of redistribution and advocate a preferred model, namely, redistribution to promote …
Persistent link: https://www.econbiz.de/10013228140
optimal redistribution and social protection policies are in place, globalization necessarily improves social welfare. …
Persistent link: https://www.econbiz.de/10010477152