risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system … insurance effects of taxation may be improved by moving to a progressive tax on lifetime earnings. Similarly, the lifetime …

Constructing pseudo-panel data from successive Current Population Surveys, this paper analyzes earnings inequality in … influencing measures of earnings inequality. Compact and accurate descriptions of earnings inequality are derived that facilitate … the analysis of the effect of the changing market employment of wives on earnings inequality. The growing propensity of …

Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … income, and to calculate certainty equivalent lifetime income at different levels of education. We find that university … education is associated with about a half a million euro increase in discounted lifetime disposable income compared to …

Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … income, and to calculate certainty equivalent lifetime income at different levels of education. We find that university … education is associated with about a half a million euro increase in discounted lifetime disposable income compared to …

If redistribution is distortionary, and if the income of skilled workers is due to knowledgeintensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R and D because it … that standard redistribution always dominates limitations to IPRs. …

If redistribution is distortionary, and if the income of skilled workers is due to knowledgeintensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R and D because it … that standard redistribution always dominates limitations to IPRs. …

, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective …Redistribution across individuals in a one-year-period framework is an empirically intensely studied question. However …, reducing the level of actual redistribution across individuals. This paper investigates to what extent long-run redistribution …

induced by unemployment insurance. The model features a detailed specification of the tax and transfer system, including … unemployment insurance benefits which depend on an individual's employment and earnings history. The model also captures the … for unemployment insurance benefits which varied by age and experience. The results show that a policy cut in the …

contributions, a lump-sum redistribution from fathers to mothers may make children better off, but both parents worse off, or vice …

We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are … generated by purely selfish agents. But introducing inequality motivates more productive agents to exert higher efforts and help … disadvantageous inequality. Moreover, the more inequity averse the agents, the more inequality should be imposed even by an …