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We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...
Persistent link: https://www.econbiz.de/10009651182
attention in the literature on optimal income taxation. This paper offers a simple and transparent analysis of its main …
Persistent link: https://www.econbiz.de/10005181304
Australia, using a dynamic cohort lifetime simulation model. The model allows for family formation, births of children, labour … force participation of male and females, along with income dynamics. The redistributive effect is decomposed into vertical …
Persistent link: https://www.econbiz.de/10005574891
as the indirect effect, increases reranking as measures of adult equivalent income increase. It is argued that the …
Persistent link: https://www.econbiz.de/10005587794
This paper describes a dynamic microsimulation model of cohort earnings developed to consider redistribution during the working-lifetime in Australia. Microsimulation models were first used for economic analysis by Orcutt (1957), and are now commonly employed to undertake policy analyses in many...
Persistent link: https://www.econbiz.de/10005587795