This is a Ph.-D. course on „Inequality and Participation: Empirics, Theory and Policy”. Its first part deals with the extent and evolution of lifetime income inequality and redistribution in welfare states. Its second part deals with the taxation of the working super-rich.

Part I:

Corneo, G., T. Bönke and H. Lüthen (2015); Lifetime earnings inequality in Germany, Journal of Labor Economics 33 (2015), 171-208.

Fatih Guvenen, Greg Kaplan, Jae Song, Justin Weidner (2017); Lifetime Incomes in the United States over Six Decades, NBER Working Paper No. 23371

Part II:

Corneo, G. (2018); Time-Poor, Working, Super-Rich, European Economic Review, Volume 101, Issue 1, 1-19.

Emmanuel Saez, Using Elasticities to Derive Optimal Income Tax Rates, The Review of Economic Studies, Volume 68, Issue 1, 1 January 2001, Pages 205–229, https://doi.org/10.1111/1467-937X.00166

Corneo, G.(2018); Public Stock Ownership, Annals of Public and Cooperative Economics, Vol. 89, 1,  11-24.

Corneo, G. (2017); Is Capitalism Obsolete? A Journey through Alternative Economic Systems, Harvard University Press, Cambridge, MA.

Participants should come to:

• understand the long-run dynamics of economic inequality and redistribution in modern welfare states,
• firmly assess the possibilities for policy-makers to bring about shared prosperity in an advanced economy based on markets.

Attendance is required in full.

In the first week, the readings will be presented and discussed. It is recommended to study the readings (see below) in advance.

In the second week, the participants will present their own research work related to inequality and participation.

• Discussion: 50%
• Presentation: 50%

Master-level knowledge of public economics.