“blunt instrument” for redistribution. To delve deeper in this issue we build models in which workers are heterogeneous in … unemployment benefits). In the second model, the government engages in redistribution through the public provision of private goods …-kind redistribution, and (iii) the MW institution is politically viable only when there is a limited degree of in-kind redistribution …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …

This paper analyses optimal corrective taxation and optimal income redistribution. Under general utility functions, the …

-generational redistribution strategically to make the repayment of debt politically viable? Using a two-generations game-theoretic model, we …

voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged …