This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … altruistic transfers by Pareto-efficient public redistribution. The chapter is organized as follows. Section 2 presents an …

We apply the Kakwani approach to decomposing redistributive effect into average rate, progressivity, and reranking … effects of direct and indirect taxes are mostly associated with changes in progressivity. For in-kind benefits, changes in the … average benefit rate and progressivity each played the major roles at different times. …

We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a …

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

In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system … offsets around half of the inequality in lifetime earnings that is due to differences in skill endowments. At the same time …

In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and-transfer system … offsets around half of the inequality in lifetime earnings that is due to differences in skill endowments. At the same time …

-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in …

-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in …

We show that a transfer targeting a minority of the population is sustained by majority voting, however small the … this probability function under which more targeting results in a lower equilibrium size of the transfer system. …