value by people. Value systems are rationally chosen by parents for their children. In conjunction with actual behavior …

. Value systems are endogenous and taught by parents to their children. In conjunction with actual behavior, value systems …

endogenous achievement trait ("income"). Individuals with lower cognitive ability are predicted to invest more value on …

This paper examines the allocative implications of progressive income taxation when individuals care about their … relative income. It shows that tax progressivity might improve efficiency, and the more so in egalitarian economies …. Introducing a progressive income tax can yield a Pareto improvement if pre-tax income is evenly distributed. Implementing …