-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …

Constructing measures of post-tax income inequality that are consistent with national accounts requires the allocation … the form of in-kind collective expenditure (e.g., education, defense, infrastructure). The dominant assumption in the …, we find that public education spending goes disproportionately to the bottom half of the income distribution. A lump …

life-cycle model, we find that redistribution by taxes and transfers off sets 54% of the inequality in lifetime earnings …

proved to be enough to shed light on the length and timing before high inequality implies regime change. Thus, this work may …