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 … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …

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 … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …

We characterize optimal redistribution in a dynastic family model with human capital. We show how a government can …

of a public pension system: the contribution rate and its degree of redistribution. The pension regime affects …

analysis suggests that even if the decentralized redistribution is undesirable compared to the fully centralized redistribution …, it is generally desirable when combined with the central redistribution …

policy response to higher markups includes increasingly relying on the profit tax to fund redistribution. Declining optimal …. If it is not possible to tax profits optimally, i.e., due to profit shifting, increasing redistribution via income taxes …

This paper studies the optimal income redistribution and monitoring when disability benefits are intended for disabled …

We integrate social exclusion, operationalized in terms of long-term unemployment, into the theory of optimal …, in conjunction with optimal income taxation, contributes to redistribution and reduced long-term unemployment. The second … varies with the government's preferences for redistribution and the characteristics of those risking long-term unemployment. …