-cycle insurance impact is much smaller. At the mean, a positive hours shock of one standard deviation raises life-time income by 10 …

What are the implications of (endogenous) directed technical change for the design of redistributive income taxes? I … the income distribution and lowering them at the left tail. For reasonable calibrations, the impact of directed technical … the median and increase monotonically over the bulk of the income distribution instead of being U-shaped (as in most of …

-inherent equivalence scales and horizontal equity we find evidence for a structural discrimination of low income families, while families … in the high income brackets tend to be privileged. The equity in the treatment of a household type is not only affected … by the amount but also by the distribution of income between the household members. Based on these results we can state a …

We analyze the distributive justice of the combined burden of income taxes, social security taxes and public transfers … evidence for a privileged treatment of families with children and a low market income due to the earned income tax credit (EIC … transfer systems, temporary aid for needy families (TANF) substantially increases the observed privilege for low-income …

We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household …

functional form assumptions in previous PW applications. The estimated sizes of income underreporting in absolute monetary … amounts are almost constant over reported income levels, whereas previous studies have assumed that the underreporting is … proportional to income. …

This paper examines whether income transparency - the public release of citizens' income information - affects support … release income information on Finland's top earners to the public. To identify causal effects we compare respondents who took …