expectations, a structural labor demand model, and a tax-benefit microsimulation model. Our findings show that as of September 2020 …. However, the tax benefit system and discretionary policy responses to the crisis act as important income stabilizers, since …

the lowest earnings capacity, the tax and benefits system does achieve life-cycle redistribution. Other policies like … blocks of lifetime disparities. We look at lifetime inequality and the redistribution properties of taxes and benefits using … system and is estimated on UK longitudinal data covering the 1990s and early 2000s. We show that the tax and benefits system …

-contingent transfers, and increases in higher rates of income tax over the whole of life. We find that, in contrast to what is implied by … standard snapshot analyses, increases to work-contingent benefits are just as effective at redistributing resources to the … lifetime poor as increases to out-of-work benefits. This has important implications for the equity-efficiency trade …

Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth …. The estimated hypothetical wage distribution without the wealth tax is more unequal. Moreover, suggestive evidence …

in the UK context: (i) changes to out-of-work versus in-work benefits, (ii) adjustments to income tax rates, and (iii …The distributional impact of proposed reforms plays a central role in public debates around tax and transfer policy. We …-cycle greatly affects our assessment of the distributional effects of tax and transfer reforms. We focus on three reforms modelled …

This paper presents the properties of optimal piecewise linear tax systems for two-earner households, based on joint …

. The robot tax exploits general-equilibrium effects to compress the wage distribution. Wage compression reduces income-tax … distortions of labor supply, thereby raising welfare. In the calibrated model, the optimal robot tax for the US is positive and … generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …

This paper analyses optimal piecewise linear tax systems for two-earner households, based on joint and individual …

household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that …