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 …

this return inequality? I study capital taxation in an economy in which return rates endogenously correlate with wealth … conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for … lower marginal tax rates. The endogeneity of returns generates an inequality multiplier effect between wealth and its …

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

We assess the usefulness of stochastic redistribution among a continuum of risk-averse agents with quasilinear … circumstances where stochastic redistribution is socially dominated by the deterministic policy where after-tax income lotteries are …