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Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...
Persistent link: https://www.econbiz.de/10014419242
We empirically analyze the heterogeneous welfare effects of unemployment insurance and social assistance. We estimate a … social assistance increases aggregate welfare. Income pooling in married households decreases the welfare value of social …
Persistent link: https://www.econbiz.de/10014373654