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A Complete and Strongly Anonymous Leximin Relation on Infinite Streams
Asheim, Geir B.; Zuber, Stéphane - CESifo - 2011
Various extensions of the leximin order to the infinite dimensional setting have been suggested. They relax completeness and strong anonymity. Instead, by removing sensitivity to generations at infinite rank this paper defines a complete and strongly anonymous leximin relation on infinite...
Persistent link: https://www.econbiz.de/10009294098
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Justifying Social Discounting: The Rank-Discounted Utilitarian Approach
Zuber, Stéphane; Asheim, Geir B. - CESifo - 2010
The discounted utilitarian criterion for infinite horizon social choice has been criticized for treating generations unequally. We propose an extended rank-discounted utilitarian (ERDU) criterion instead. The criterion amounts to discounted utilitarianism on non-decreasing streams, but it treats...
Persistent link: https://www.econbiz.de/10008671700
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Savings and Consumption When Children Move Out
Rottke, Simon; Klos, Alexander - Forschungsbasierte Infrastruktureinrichtung … - 2013
children are gone and save only a small proportion of the freed-up resources. Since parents had fewer resources to save while …Based on the Italian Survey on Household Income and Wealth (SHIW) and the German Socio-economic Panel (SOEP), we show … increases significantly. Parents approximately upgrade their personal lifestyle up to the level of childless peers after all …
Persistent link: https://www.econbiz.de/10010896273