We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … of education taxes/subsidies. We demonstrate how the government can achieve redistribution through wage compression and … analyze the conditions under which such redistribution is feasible and socially desirable. …

efficient allocations and derive conditions under which there is predistribution, i.e., redistribution through wage compression …

one, workers in the South decide whether to move and pay the migration costs. These costs are assumed to be sunk. In the …

one, workers in the South decide whether to move and pay the migration costs. These costs are assumed to be sunk. In the …

We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … desirability of redistribution through wage compression. …

conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for …. At an aggregate level, a rise in redistribution induces a compression effect on the distribution of pre-tax returns. In … the financial market, I identify general equilibrium trickle-up externalities that provide a force for more redistribution …