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We investigate the balanced growth effects of pension plans on the rate of growth and on equalityin a closed economy where individual decisions about education are the engine of growth. We distinguish between pay-as-you-go and fully-funded pension systems and differentiate between three...
Persistent link: https://www.econbiz.de/10005065313
suitable alternative inequality criteria to Lorenz ordering (LO). We provide two new alternative proofs that ADO and RDO are …
Persistent link: https://www.econbiz.de/10005065323
progressive as the inequality in the distribution of claims becomes more unequal other things equal. All of these conclusions are …
Persistent link: https://www.econbiz.de/10005065370
According to Chateauneuf (1996), we compare some inequality criteria. We investigate their properties and … characteristics. Then, following the approach that links different levels of deprivation with alternative values of social welfare, we … distribution. After having criticized the approach to evaluate the social welfare using the expected utility theory or the rank …
Persistent link: https://www.econbiz.de/10005043136
a remarkable mix of excellence and inequality. Indeed the Flemish school system is repeatedly one of the best performer … social segregation, has a major effect on inequality of opportunity. Children of different economic classes will have …
Persistent link: https://www.econbiz.de/10008836140
alternative inequality criteria to Lorenz ordering (LO).We provide two new alternative proofs that ADO and RDO are sub …
Persistent link: https://www.econbiz.de/10005634144
Harsanyi (1955) proved that, in the context of uncertainty, social ratio- nality and the Pareto principle impose severe constraints on the degree of priority for the worst-off that can be adopted in the social evaluation. Since then, the literature has hesitated between an ex ante approach that...
Persistent link: https://www.econbiz.de/10008642214
This paper is a study of money in overlapping generations models with cash-in-advance constraints. We first offer a brief review of different features of the cash-in-advance constraint. Then we propose a general formulation and study the neutrality of money. We show that both neutrality and...
Persistent link: https://www.econbiz.de/10005008612
-population problems. The implications of procreation rights for income inequality and education are contrasted. We decomposethe scheme …
Persistent link: https://www.econbiz.de/10005043284
First, we briefly discuss the very idea of tradable quotas, looking at a set of cases in which it has been proposed (but not implemented) outside the realm of pollution control and natural resources management. Next we study a proposal of tradable procreation quotas. We generalize Boulding’s...
Persistent link: https://www.econbiz.de/10005043298