detailed life-cycle consumption-smoothing program, to a) measure ultimate economic inequality - inequality in lifetime spending …We find far less inequality in spending power than in wealth or labor earnings due to the fiscal system's high degree … of progressivity. But U.S. fiscal redistribution generally comes at a price of very high work disincentives for …

detailed life-cycle consumption-smoothing program, to a) measure ultimate economic inequality – inequality in lifetime spending … accurately capture actual remaining lifetime marginal net tax rates. We find far less inequality in spending power than in wealth … or labor earnings due to the fiscal system's high degree of progressivity. But U.S. fiscal redistribution generally comes …