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Redistribution as Social Insurance and Capital Market Integration

โœ Scribed by Arachi, Giampaolo; D'Antoni, Massimo


Book ID
111587501
Publisher
Springer
Year
2004
Tongue
English
Weight
121 KB
Volume
11
Category
Article
ISSN
0927-5940

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โœ Cremer, Helmuth; Pestieau, Pierre ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› Springer ๐ŸŒ English โš– 684 KB

This paper studies the role of social insurance as a redistributive mechanism in presence of an optimal (linear or general) income tax. It considers a second-best setting with two unobservable individual characteristics: ability, measured by the wage rate and risk, measured by the probability of inc