The US redistributes a greater share of national income to low-income groups than any European country

From Greg Mankiw.

""Europe's lower inequality levels cannot be explained by more equalizing tax and transfer systems. After accounting for indirect taxes and in-kind transfers, the US redistributes a greater share of national income to low-income groups than any European country."

• From a new paper by Thomas Blanchet, Lucas Chancel, and Amory Gethin"

•