Chapter 1. Income Risks Faced by Contemporary Japanese Households
Japanese Economy, 2010, vol. 37, issue 3, 53-61
Recent empirical research has shown that income disparities and income risks have increased significantly in the past thirty years, in particular in the Anglo-Saxon nations. Policies to redistribute income by means of taxation, income transfers, and the like, not only reduce the level of disparities but also help dampen any increase in disparities due to the business cycle and also preempt long-term increases in disparities.
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