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 …

aggregate economic activity. The goal of this paper is to study the effects of wealth redistribution from rich to poor … extended to allow for nominal rigidities and parametrized to match the U.S. wealth distribution, wealth redistribution does …

redistribution of income as a tool of mitigating the loss of efficiency due to technological shocks. Research limitations …