of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by … consumption monitoring and wealth is observed, the effect of higher wealth on equilibrium bribes is ambiguous (and that the … wages). We also discuss the role of ability, the tax system, and the way to derive a measure of the value of illegal funds …

redistribution creates more post-tax inequality. The welfare state will encounter severe risks when free migration of people, goods … increase is likely to be strong enough even to make the net-of-tax income distribution more unequal. Optimal redistributive … taxation will either imply that the pie becomes bigger when there is less inequality in pre-tax incomes or that more …

The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk … managerial advice. It considers dierential wage and capital income taxes, a comprehensive income tax, incomplete loss offset …

the concurrent decline in welfare-state redistribution. This paper develops a model, which can provide an explanation for …-economy balance and the redistributive policies. The paper highlights the differences in the political-economy induced redistribution …

highly public lives, with some achieving superstar status. Despite growing inequality, billionaires face effective tax rates … billionaires' lives and careers? To address these questions, we conducted a survey experiment with a sample of 9,013 Americans. We … designed multiple treatments based on research on preferences for redistribution and arguments made by academics, journalists …

We report the results of an online experiment studying preferences for giving and preferences for group …-wide redistribution in small (4-person) and large (200-person) groups. We find that the desire to engage in voluntary giving decreases … significantly with group size. However, voting for group-wide redistribution is precisely estimated to not depend on group size …

members choose either a risky reform or a safe alternative each period. When no redistribution is allowed the unique … equilibrium outcome is generically inefficient. When redistribution is allowed (even small amounts), there always exists an … policy experimentation is possible only with a sufficient amount of redistribution. We conclude that veto rights are more of …

redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax …We explore the effect of income mobility and the persistence of redistributive tax policy on the level of … rate and the degree of after-tax inequality are characterized. Mobility and stickiness of tax policy are both negatively …