To what extent can a progressive tax and transfer system moderate the distributional impacts of uneven economic growth? The authors revisit this question in the unique Australian context of three decades of uninterrupted economic growth from 1991 to 2020.

This paper studies the nature of earnings dynamics in Australia, using the Household, Income and Labour Dynamics in Australia (HILDA) Survey 2001-2020.

In the paper, the authors study the incidence of capital income taxation in a dynamic general equilibrium model with heterogeneous firms and lifecycle households.

A means-tested pension system has a distinct feature that tailors the level of pension benefits according to individual status.

We study optimal income tax progressivity in an environment where individuals are exposed to idiosyncratic income and health risks over the lifecycle. Our results, based on a calibration for the US economy, indicate that the presence of health risk combined with incomplete insurance markets amplifies the social insurance role of progressive income taxes. The government...