Inequality, Public Wealth, and the Federal Shareholder

Giacomo Corneo

No 10920, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: Current trends in the distribution of wealth trigger a social divide and threaten democracy. I propose to counter this evolution by enhancing the role of public capital as a redistribution and empowerment device. The governance of public capital requires two novel institutions: a socially responsible Sovereign Wealth Fund and a Federal Shareholder. This paper offers an account of their design and sources of financing.

Keywords: Public ownership; Redistribution (search for similar items in EconPapers)
JEL-codes: H0 H5 (search for similar items in EconPapers)
Date: 2015-11
New Economics Papers: this item is included in nep-pbe
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Related works:
Working Paper: Inequality, Public Wealth, and the Federal Shareholder (2016)
Working Paper: Inequality, Public Wealth, and the Federal Shareholder (2016)
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