In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing … lifetime earnings between individuals with different skill endowments and by providing individuals with insurance against … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and-transfer system …

lifetime tax reform linking annual taxes to previous employment could improve the system's insurance capabilities, albeit at …

lifetime tax reform linking annual taxes to previous employment could improve the system's insurance capabilities, albeit at …

deal with vertical inequality - that is, fostering redistribution from the rich to the poor - less is known about their … individuals may not only care about vertical redistribution, but also about the economic situation of the specific groups they … belong to, the horizontal dimension of redistribution becomes politically salient and can be a source of social tensions. We …

We analyze whether the availability of formal insurance products affects informal solidarity transfers in two … minimizes strategic concerns. The introduction of an insurance treatment alters solidarity in both experiments. We find crowding …-out effects in the first setting with strategic motives, while there are even crowding-in effects due to insurance availability in …