productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … lifetime tax reform linking annual taxes to previous employment could improve the system's insurance capabilities, albeit at …

risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system … insurance effects of taxation may be improved by moving to a progressive tax on lifetime earnings. Similarly, the lifetime …

life-cycle model, we find that redistribution by taxes and transfers off sets 54% of the inequality in lifetime earnings … that is due to heterogeneous skill endowments. Meanwhile, taxes and transfers insure 45% of lifetime earnings risk. Taxes … would provide more insurance if based on lifetime instead of annual earnings. Requiring wealthy individuals to repay social …

risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and-transfer system … insurance effects of taxation may be improved by moving to a progressive tax on lifetime earnings. Similarly, the lifetime …

productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … lifetime tax reform linking annual taxes to previous employment could improve the system's insurance capabilities, albeit at …

risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and-transfer system … insurance effects of taxation may be improved by moving to a progressive tax on lifetime earnings. Similarly, the lifetime …

risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime … lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system … insurance effects of taxation may be improved by moving to a progressive tax on lifetime earnings. Similarly, the lifetime …

life-cycle model, we find that redistribution by taxes and transfers off sets 54% of the inequality in lifetime earnings … that is due to heterogeneous skill endowments. Meanwhile, taxes and transfers insure 45% of lifetime earnings risk. Taxes … would provide more insurance if based on lifetime instead of annual earnings. Requiring wealthy individuals to repay social …