This paper presents an analysis of the consequences for redistribution policies of achieving a more equal predistribution, that is, a more equal distribution of the predetermined income earning capabilities that individuals bring to the market. We show that optimal fiscal policies are less...

Policies to support the transition to a carbon-neutral economy are high on the policy agenda. Their effectiveness in reducing carbon emissions and their distributional consequences are actively debated. One key reason for the ongoing debate is that quantitative answers regarding the...

The risk of ending up poor in old age is shaped at young ages and it is concentrated among women. To counteract old-age poverty, many countries redistribute income through the pension system. They often do so based on an individual's lifetime earnings, like US Social Security. In this paper, we...