about the future, and attitudes about redistribution. We find that women, non-college educated, the unemployed, and those in …

assets for the capital gain (asset redistribution). The former increases total income and employment, while the latter alters … phenomenon of rising inequality and social harm over the course of a recession. As asset redistribution is predominantly a … privilege of the rich, an increase in inequality encourages more income redistribution, thus further exacerbating recessions …

technology are endogenous, redistribution to low-skilled individuals may actually not improve disposable low-skilled income …

Benabou (2002) strengthens the so-called Efficient Redistribution Hypothesis (ERH) by demonstrating how income … redistribution can promote growth and welfare by mitigating economic waste from resource misallocation that is caused by credit …

technology, then the growth and welfare maximizing progressivity of redistribution decreases. In particular, bridging the … opportunity lowers the optimal progressivity of redistribution. We offer some empirical support for the above idea using a …, efficiency, and welfare from progressive redistribution, over and above the benefits from a Pigouvian subsidy, may reasonably …

This paper produces a comprehensive assessment of income redistribution to the working-age population, covering OECD … countries over the last two decades. Redistribution is quantified as the relative reduction in market income inequality achieved … overall redistribution, the respective role of various categories of transfers for transfer redistribution; as well as …