standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living …. Rising living standards dampen by at least 25% the desired increase in redistribution due to rising inequality. …

life-cycle model, we find that redistribution by taxes and transfers off sets 54% of the inequality in lifetime earnings …

lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system … risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime … insurance effects of taxation may be improved by moving to a progressive tax on lifetime earnings. Similarly, the lifetime …

lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and-transfer system … risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime … insurance effects of taxation may be improved by moving to a progressive tax on lifetime earnings. Similarly, the lifetime …

approach finds support in the economic literature, which postulates that redistribution through the tax system is more …

characterize the relationship between climate and redistributional policy in an optimal taxation model that explicitly accounts for …