distribution of risks inside society, the Liberal system wins if the inequality of income is low, and the Beveridgean system wins … if the inequality of income is high. Using a utilitarian criterion, the Beveridgean system always dominates and the …

these investments, output levels and growth. In this context, inequality plays a key role both as a determinant of the …

determining inequality, as tax changes that affect hours of work will affect the distribution of wealth and income, reinforcing or …