show that the progressive labor tax can partially substitute for the redistribution in social security, thus reducing the …

Theories of crime in economics focus on the roles of deterrence and incapacitation in reducing criminal activity. In … play a role in crime reduction. This paper extends the Becker-Ehrlich model to a standard labor supply model that includes … an individual chooses to engage in crime. Second, we show that whether the production of criminal activity is a …

fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of …

to borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We …-generations model of the U.S. economy. While the redistribution shock is zero sum, households react asymmetrically, mostly because … increase in savings. Even though inflation-induced redistribution has a persistent negative effect on output, it improves the …