Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162526
Authors: 
Corneo, Giacomo
Year of Publication: 
2016
Series/Report no.: 
IZA Policy Paper 115
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.
Subjects: 
public ownership
redistribution
JEL: 
H0
H5
Document Type: 
Working Paper

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