Inequality, Public Wealth, and the Federal Shareholder

Giacomo Corneo

No 115, IZA Policy Papers from Institute of Labor Economics (IZA)

Abstract: Current trends in the distribution of wealth trigger a social divide and threaten democracy in many advanced economies. 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 possible 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)
Pages: 23 pages
Date: 2016-10
New Economics Papers: this item is included in nep-hpe and nep-pbe
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Citations: View citations in EconPapers (2)

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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 (2015)
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