Redistributive policies in general equilibrium
date: 19/10/2021
author: George Economides, Apostolis Philippopoulos, and Stylianos Sakkas
See also: The Technical Report
The study concentrates first on how initial conditions in human and financial capital, as inherited from family background, shape individuals' human capital, and hence their work opportunities, income and wealth, and eventually macroeconomic outcomes. Second, it deals with the policies which can reduce this type of inequality without, hopefully, damaging macroeconomic efficiency.