the Swedish income tax schedule. Using population-wide register data from the Swedish military enlistment and …

-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …

We develop and estimate a model of jointly optimal income taxes for different types of income. Compared to standard … optimal tax formulas, optimal schedular income tax rates additionally depend on cross-elasticities between tax bases capturing … fiscal externalities. We discuss two applications: the taxation of different income sources such as labor or capital income …

proportion of income) also decline by almost the same amount, suggesting shared understanding that is characteristic of social …

This paper draws on household survey data from countries of all income levels to measure how average unemployment rates … vary with income per capita. We document that unemployment is increasing with GDP per capita. Furthermore, we show that … per capita, rather than by high-educated workers, whose unemployment rates are not correlated with income. To interpret …

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … households would pay more attention to capital income risk if they have (i) lower initial wealth endowment, (ii) lower marginal …

We study the optimal design of student financial aid as a function of parental income. We derive optimal financial aid …, labor supply in college, and uncertain returns. Optimal financial aid is strongly declining in parental income even without …

This paper establishes new evidence on the cyclical behaviour of household income risk in Great Britain and assesses … Panel Survey (1991-2008) by decomposing stochastic idiosyncratic income into its transitory, persistent and fixed components …. We then estimate how income risk, measured by the variance and the skewness of the probability distribution of shocks to …

This paper examines how skill-biased growth can generate economic fragmentation (income dis-parities) that give rise to …-nationalist policies (which destroy productivity, compress the income distribution and promote the benefits of social affiliation) …