suggests that with an appropriately designed income insurance scheme it may be possible to achieve considerable risk sharing in …We investigate channels of federally provided income insurance for U.S. States, finding that a major part of federal … unemployment benefits are dramatically more efficient in providing income insurance than any other fiscal institution. This finding …

income convergence, countries that trade heavily with another tend to exhibit a muchhigher incidence of convergence. …

A panel study reveals that an increase in pretax income equality leads to sudstantially lower retail prices. Prices … also fall if the income tax on high income families is raised. One explanation is that equality makes consumer demand more …