plausibly argued to lead to increases in factor productivity in the private economy. This paper observes that government …

Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education … the absence of a strive for redistribution, the market generates the efficient level of investment in human capital. When … there is a demand for redistribution, the general equilibrium effects on relative wages might make a subsidy to education an …

Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education … the absence of a strive for redistribution, the market generates the efficient level of investment in human capital. When … there is a demand for redistribution, the general equilibrium effects on relative wages might make a subsidy to education an …

labor productivity risk, show that it has a wealth distribution that matches the data well, and then use it to characterize … fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of …

tax ; wealth ; inequality ; redistribution …

This paper develops a simulation model in order to examine the effectiveness of state attempts at redistribution under …-level redistribution are substantial, but state action may still be preferred to a federal policy that is at odds with preferences of a … state pursuing additional redistribution, but not a cost at the national level. -- fiscal federalism ; income redistribution …