results are interpreted in terms of poverty and inequality statistics while closely looking into the assumptions of the … microsimulation models. In the first scenario a modest level of guaranteed minimum income is feasible, decreasing both poverty and … unrealistically high tax rates, especially for Italy. The impact on poverty and inequality of the HNIT scheme is markedly higher for …

against income risks. But studies measuring redistribution often focus only on a one-year period. Using German SOEP data from …-individual component. Results show that annual inequality is higher than long-term inequality, but redistribution is also larger annually …. In the long-term, the German welfare state clearly gives priority to insurance over redistribution. This gets even more …

Welfare states redistribute both between individuals (inter-individual redistribution) reducing annual, cross …-sectional inequality and over the lifecycle of an individual (intra-individual redistribution) insuring individuals against income risks in … the long-term. But studies measuring redistribution often focus on a one-year period and the second aspect is neglected …