inequality over the life cycle and of the individual-level degree of consumption insurance against persistent earnings shocks …

generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …

inequality over the life cycle and of the individual-level degree of consumption insurance against persistent earnings shocks …

We use a behavioural microsimulation model embedded in a numerical optimization procedure in order to identify optimal … inequality aversion parameter, the optimized rules provide a higher social welfare than the current rule, with the exception of …

deserve tax breaks. We demonstrate that the German tax-transfer system conflicts with a welfarist inequality averse social … planner. It is consistent with a planner who is averse to both inequality and high tax liabilities. The tax-transfer schedule … European countries and the USA and show that their redistributive systems can be rationalized with an inequality averse social …