provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …

(income) inequality. We show that in a second-best setting, in which learning effort is not observable, improving the quality …-best solution, providing ex ante insurance significantly gains importance relative to traditional ex post redistribution, because it …

(1987) and weights agree with the Lorenz quasi-ordering. Gini, S-Gini, and a class putting more emphasis on inequality in …

relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security …In most OECD countries, pension reform policy has decreased the level of intragenerational redistribution over the last … three decades, that is, redistribution among members of the same generation with high and low pension entitlements. This …

has both a redistributive role and an insurance role. A substantial literature on optimal redistribution in the absence of … characterize optimal marginal tax rates and interpret them in terms of redistribution, insurance and incentive effects. The case of …

has both a redistributive role and an insurance role. A substantial literature on optimal redistribution in the absence of … characterize optimal marginal tax rates and interpret them in terms of redistribution, insurance and incentive effects. The case of …