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Persistent link: https://www.econbiz.de/10001161068
solidarity solution to critique the competing theories of fair income distributions of Ronald Dworkin, Philippe Van Parijs, and …The task -- The fair division of resources -- The labor auction thought experiment -- The solidarity solution … -- Dworkin's hypothetical underemployment Insurance -- Van Parijs' minimal undominated diversity -- Fleurbaey's egalitarian …
Persistent link: https://www.econbiz.de/10012318748
-individual redistribution and between- and within-individual insurance. These components are distinguished from perspective of the start of … insurance across individuals and across the lifecycle. We embed these alternative roles in a lifecycle model, allowing us to … credit (WFTC) reform of 1999 and the universal credit (UC) reform that began in 2013. Our main conclusions are that insurance …
Persistent link: https://www.econbiz.de/10010388606
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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 …We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We …
Persistent link: https://www.econbiz.de/10013016371
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 …We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We …
Persistent link: https://www.econbiz.de/10013020515
the income tax, assigning it a role as a redistributional backstop mechanism. However, when measured against annual income … income. We argue that instead of using yearly income, one should measure wealth tax burdens with respect to individual … lifetime income in family dynasties. Using rich Norwegian administrative data, we describe how a lifetime-dynastic income …
Persistent link: https://www.econbiz.de/10011717186
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Persistent link: https://www.econbiz.de/10010512052
This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic claims and examines them, arguing that the contentions are theoretically and empirically unwarranted.
Persistent link: https://www.econbiz.de/10010349913