Generalized compensation principle
研究了在仅使用扭曲性税收工具且工资由一般均衡内生决定时，如何设计补偿性税制改革来抵消经济冲击中的福利损失，并应用于美国机器人化的补偿问题。
Economic disruptions generally create winners and losers. The compensation problem consists of designing a reform of the existing income tax system that offsets the welfare losses of the latter by redistributing the gains of the former. We derive a formula for the compensating tax reform and its impact on the government budget when only distortionary tax instruments are available and wages are determined endogenously in general equilibrium. We apply this result to the compensation of robotization in the United States.