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The Rich in Argentina over the twentieth century: From the Conservative Republic to the Peronist experience and beyond 1932-2004

Alvaredo, Facundo - HAL - 2007

This paper presents series on top shares of income in Argentina from 1932 to 2004 based on personal income tax return statistics. Our results suggest that income concentration was higher during the 1930s and the first half of the 1940s than it is today. The recovery of the economy after the...

Persistent link: https://www.econbiz.de/10010738819

The Redistributive Aspects of ELIE: a simulationapproach

Lubrano, Michel - HAL - 2008

This paper analyses the problems linked to the implementation of the Equal Labour Income Equalisation (ELIE) scheme proposed by Kolm (2005). It successively studies the influence of uncertainty in the knowledge of individual incomes, the impact of equivalence scales and finally the consequences...

Persistent link: https://www.econbiz.de/10008793731

Climate Variability and Internal Migration: A Test on Indian Inter-State Migration

Dallmann, Ingrid; Millock, Katrin - HAL - 2013

We match migration data from the Indian census with climate data to test the hypothesis of climate variability as a push factor for internal migration. The main contribution of the analysis is to introduce relevant meteorological indicators of climate variability, based on the standardized...

Persistent link: https://www.econbiz.de/10011025739

An efficient threshold choice for operational risk capital computation

Guegan, Dominique; Hassani, Bertrand; Naud, Cédric - HAL - 2010

Operational risk quantification requires dealing with data sets which often present extreme values which have a tremendous impact on capital computations (VaR). In order to take into account these effects we use extreme value distributions to model the tail of the loss distribution function. We...

Persistent link: https://www.econbiz.de/10010635033

An efficient threshold choice for operational risk capital computation

Guegan, Dominique; Hassani, Bertrand; Naud, Cédric - HAL - 2011

Operational risk quantification requires dealing with data sets which often present extreme values which have a tremendous impact on capital computations (VaR). In order to take into account these effects we use extreme value distributions, and propose a two pattern model to characterize loss...

Persistent link: https://www.econbiz.de/10011025542

The role of the wealth distribution on output volatility

Ghiglino, Christian; Venditti, Alain - HAL - 2008

We explore the link between wealth inequality and business cycle fluctuations in a two-sector neoclassical growth model … with endogenous labor and heterogeneous agents. Assuming that wealth inequality is described by the distribution of shares … tolerance indices are linear, as with HARA utility, even a low level of taste heterogeneity ensures that a rise in inequality …

Persistent link: https://www.econbiz.de/10008793485

On a kinetic model for a simple market economy

Cordier, Stéphane; Pareschi, Lorenzo; Toscani, Giuseppe - HAL - 2004

In this paper, we consider a simple kinetic model of economy involving both exchanges between agents and speculative trading. We show that the kinetic model admits non trivial quasi-stationary states with power law tails of Pareto type. In order to do this we consider a suitable asymptotic limit...

Persistent link: https://www.econbiz.de/10008793847

There is a VaR Beyond Usual Approximations

Kratz, Marie - HAL - 2013

Basel II and Solvency 2 both use the Value-at Risk (VaR) as the risk measure to compute the Capital Requirements. In practice, to calibrate the VaR, a normal approximation is often chosen for the unknown distribution of the yearly log returns of financial assets. This is usually justified by the...

Persistent link: https://www.econbiz.de/10010898566

Income and wealth concentration in Spain in a historical and fiscal perspective

Alvaredo, Facundo; Saez, Emmanuel - HAL - 2007

This paper presents series on top shares of income and wealth in Spain over the 20th century using personal income and wealth tax return statistics. Top income shares are highest in the 1930s, fall sharply during the first two decades of the Franco dictatorship, and have increased slightly since...

Persistent link: https://www.econbiz.de/10010738746

Top incomes and earnings in Portugal 1936-2004

Alvaredo, Facundo - HAL - 2008

This paper analyzes income and earnings concentration in Portugal from a long-run perspective using personal income and wage tax statistics. Our results suggest that income concentration was much higher during the 1930s and early 1940s than it is today. Top income shares estimated from reported...

Persistent link: https://www.econbiz.de/10010738825

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