to borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We … increase in savings. Even though inflation-induced redistribution has a persistent negative effect on output, it improves the …Episodes of unanticipated inflation reduce the real value of nominal claims and thus redistribute wealth from lenders …

their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …

efficiency losses without achieving any net redistribution of income …

-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not … result in weaker political preferences for redistribution …

less than their husbands. As a result, much of the redistribution at the individual level was effectively from high earning … high income households. Both factors mitigate redistribution at the household level. This paper compares outcomes for the … fosters somewhat more redistribution from high to low earning households. The analysis is based on data from the Health and …

Why do low-income individuals often oppose redistribution? We hypothesize that an aversion to being in "last place …" undercuts support for redistribution, with low-income individuals punishing those slightly below themselves to keep someone …

redistribution schemes that increase the rate of return to education. We exploit an episode where different Israeli kibbutzim shifted … of education. Our findings support the prediction that education is highly responsive to changes in the redistribution …