. This drives …scal policies to be less efficient in reducing income inequality. …

his reputation for truthtelling, we show that the larger is the inequality, the less information can credibly be … transmitted to the policymaker. We also investigate the effects of inequality on welfare and discuss the welfare effects of …

redistributive taxation to maintain political support. The quality of institutions and the extent of redistribution depend on the …

Unlike aversion to inequality, aversion to poverty resists formalization in welfare economics. One way to assign …. However, the resulting redistribution scheme prioritizes headcount-reducing transfers to the borderline poor over transfers to … valued welfare measure. It proposes a lexicographic L*-ordering, where the first rank criterion corresponds to an inequality …

This note is motivated by recent arguments made by Martin Feldstein in which the relevance of inequality is dismissed … (if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty … alleviation should matter. This note shows that we all do care about inequality, and to hold that we should be concerned with …

This paper examines the political economy of redistribution when voters have asymmetric information about the … "inter term tax variability" (political budget cycles) during the tenure of a politician. The effect of inequality on the …