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Inequality, Public Wealth, and the Federal Shareholder

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  • Corneo, Giacomo

    () (Free University of Berlin)

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.

Suggested Citation

  • Corneo, Giacomo, 2016. "Inequality, Public Wealth, and the Federal Shareholder," IZA Policy Papers 115, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izapps:pp115
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    References listed on IDEAS

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    More about this item

    Keywords

    public ownership; redistribution;

    JEL classification:

    • H0 - Public Economics - - General
    • H5 - Public Economics - - National Government Expenditures and Related Policies

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