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  • On the optimality of progressive income redistribution 

    Bakis, Ozan; KAYMAK, Baris (Université de Montréal. Département de sciences économiques., 2012-08)
    We compute the optimal non-linear tax policy for a dynastic economy with uninsurable risk, where generations are linked by dynastic wealth accumulation and correlated incomes. Unlike earlier studies, we find that the optimal long-run tax policy is ...