DIMITRI B. PAPADIMITRIOU is Jerome Levy Professor of Economics and Executive Vice President of Bard College, and President of The Levy Economics Institute, Annandale-on-Hudson, New York, USA. He was Vice-Chairman of the Trade Deficit Review Commission of the US Congress and has testified in the US Senate and Congressional Committee Hearings on Banking and Finance and Small Business. He is a member of the editorial board of Challenge. He is author and editor of the Levy Economics Institute Series, editor of Profits, Deficits and Instability, Aspects of Distribution of Wealth an

• The Levy Economics Institute of Bard College Acknowledgements Notes on Contributors List of Abbreviations and Acronyms Government Effects on the Distribution of Income: An Overview; D.B.Papadimitriou PART 1: DISTRIBUTIONAL EFFECTS OF TAXES AND GOVERNMENT SPENDING IN THE UNITED STATES An Overall Assessment of the Distributional Consequences of Government Spending and Taxation in the U.S. 1989 and 2000; E.N.Wolff & A.Zacharias Distributional Effects of Defined Contribution Plans and Individual Retirement Arrangements; L.E.Burman, W.G.Gale, M.Hall & P.R.Orszag The Changing Impact of Social Security on Retirement Income in the United States.; B.A.Butrica, H.M.Iams & K.E.Smith PART 2: DISTRIBUTIONAL EFFECTS IN OTHER COUNTRIES Household Incomes and Redistribution in the European Union; Quantifying the Equalizing Properties of Taxes and Benefits H.Immervoll, H.Levy, C.Lietz, D.Mantovani, C.O'Donoghue, H.Sutherland & G.Verbist Distributional Effects of Evolving Spending and Tax Policies in Post-Socialist Poland; L.Podkaminer The Distribution of Taxes and Government Benefits in Australia; A.Harding, R.Lloyd & N.Warren Distributional Effects of Personal Income Taxation in Korea; K.S.Cheong PART 3: INTERNATIONAL COMPARISONS Income Distribution and Social Expenditures; J.A.Schwabish, T.M.Smeeding & L.Osberg The Generosity of the Welfare State Towards the Elderly; M.Lefèbvre & P.Pestieau Index

DIMITRI B. PAPADIMITRIOU is Jerome Levy Professor of Economics and Executive Vice President of Bard College, and President of The Levy Economics Institute, Annandale-on-Hudson, New York, USA. He was Vice-Chairman of the Trade Deficit Review Commission of the US Congress and has testified in the US Senate and Congressional Committee Hearings on Banking and Finance and Small Business. He is a member of the editorial board of Challenge. He is author and editor of the Levy Economics Institute Series, editor of Profits, Deficits and Instability, Aspects of Distribution of Wealth an

• The Levy Economics Institute of Bard College Acknowledgements Notes on Contributors List of Abbreviations and Acronyms Government Effects on the Distribution of Income: An Overview; D.B.Papadimitriou PART 1: DISTRIBUTIONAL EFFECTS OF TAXES AND GOVERNMENT SPENDING IN THE UNITED STATES An Overall Assessment of the Distributional Consequences of Government Spending and Taxation in the U.S. 1989 and 2000; E.N.Wolff & A.Zacharias Distributional Effects of Defined Contribution Plans and Individual Retirement Arrangements; L.E.Burman, W.G.Gale, M.Hall & P.R.Orszag The Changing Impact of Social Security on Retirement Income in the United States.; B.A.Butrica, H.M.Iams & K.E.Smith PART 2: DISTRIBUTIONAL EFFECTS IN OTHER COUNTRIES Household Incomes and Redistribution in the European Union; Quantifying the Equalizing Properties of Taxes and Benefits H.Immervoll, H.Levy, C.Lietz, D.Mantovani, C.O'Donoghue, H.Sutherland & G.Verbist Distributional Effects of Evolving Spending and Tax Policies in Post-Socialist Poland; L.Podkaminer The Distribution of Taxes and Government Benefits in Australia; A.Harding, R.Lloyd & N.Warren Distributional Effects of Personal Income Taxation in Korea; K.S.Cheong PART 3: INTERNATIONAL COMPARISONS Income Distribution and Social Expenditures; J.A.Schwabish, T.M.Smeeding & L.Osberg The Generosity of the Welfare State Towards the Elderly; M.Lefèbvre & P.Pestieau Index

DIMITRI B. PAPADIMITRIOU is Jerome Levy Professor of Economics and Executive Vice President of Bard College, and President of The Levy Economics Institute, Annandale-on-Hudson, New York, USA. He was Vice-Chairman of the Trade Deficit Review Commission of the US Congress and has testified in the US Senate and Congressional Committee Hearings on Banking and Finance and Small Business. He is a member of the editorial board of Challenge. He is author and editor of the Levy Economics Institute Series, editor of Profits, Deficits and Instability, Aspects of Distribution of Wealth an

• The Levy Economics Institute of Bard College Acknowledgements Notes on Contributors List of Abbreviations and Acronyms Government Effects on the Distribution of Income: An Overview; D.B.Papadimitriou PART 1: DISTRIBUTIONAL EFFECTS OF TAXES AND GOVERNMENT SPENDING IN THE UNITED STATES An Overall Assessment of the Distributional Consequences of Government Spending and Taxation in the U.S. 1989 and 2000; E.N.Wolff & A.Zacharias Distributional Effects of Defined Contribution Plans and Individual Retirement Arrangements; L.E.Burman, W.G.Gale, M.Hall & P.R.Orszag The Changing Impact of Social Security on Retirement Income in the United States.; B.A.Butrica, H.M.Iams & K.E.Smith PART 2: DISTRIBUTIONAL EFFECTS IN OTHER COUNTRIES Household Incomes and Redistribution in the European Union; Quantifying the Equalizing Properties of Taxes and Benefits H.Immervoll, H.Levy, C.Lietz, D.Mantovani, C.O'Donoghue, H.Sutherland & G.Verbist Distributional Effects of Evolving Spending and Tax Policies in Post-Socialist Poland; L.Podkaminer The Distribution of Taxes and Government Benefits in Australia; A.Harding, R.Lloyd & N.Warren Distributional Effects of Personal Income Taxation in Korea; K.S.Cheong PART 3: INTERNATIONAL COMPARISONS Income Distribution and Social Expenditures; J.A.Schwabish, T.M.Smeeding & L.Osberg The Generosity of the Welfare State Towards the Elderly; M.Lefèbvre & P.Pestieau Index