This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … poor and indifferent to each other. Section 6 reviews the theory of Pareto-efficient redistribution in pure distributive …

economy, but there is not much evidence that countries with a large welfare state and substantial redistribution have worse … induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the … economic performance and welfare. One important reason is that governments have been careful to invoke the principles of …

economy, but there is not much evidence that countries with a large welfare state and substantial redistribution have worse … induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the … economic performance and welfare. One important reason is that governments have been careful to invoke the principles of …

economy, but there is not much evidence that countries with a large welfare state and substantial redistribution have worse … induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the … economic performance and welfare. One important reason is that governments have been careful to invoke the principles of …

, and grounds normative analysis in individuals' utilities and a social welfare function. This article advances an approach … distribution-neutral methodology and welfare analysis developed in Kaplow (2008a) and related work, offering applications to income … security and retirement savings, estate and gift taxation, and transfer programs. It also explores welfare criteria and …

labour markets. Moreover, the paper highlights the knowledge gaps with regard to the longer-term and gender-specific welfare …

unselfish though rational demand for redistribution. This leads the well off to prefer higher taxes and the poor to reject … redistribution by individuals with high income and to a lower demand for redistribution by those with low income. …

is welfare superior to the transfer-free system, a system with much lower transfer may be inferior, therefore this … welfare gap should be jumped. Various pension modelers (e.g. Feldstein, 1985; van Groezen, Leers and Meijdam, 2003) overlooked …

There is no consensus on how to measure social welfare and inequality when households have different needs. As we show …-order importance for social welfare, but generally plays a minor role in the measurement of inequality. To address this impasse, we … introduce partial compensation. Our axiomatic characterizations reveal novel families of welfare criteria and, with the …

In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … social planner's aversion to inequality, embedded in an isoelastic social welfare function indexed by a parameter alpha, or … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …