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inequality, though they have important effects on sector of activity. Inheritance of non-land assets and the education and … than property inheritance. Significant gender inequality in consumption is evident, though it is almost entirely explicable … intergenerational linkages contribute to current inequality? We address these questions using original survey data on Senegal that …
Persistent link: https://www.econbiz.de/10010738725
Do couples share the same values? The social sciences have mainly concentrated on comparing the socioeconomic characteristics of spouses, but rarely their preferences to risk and time. In this paper, we use conventional measurements and an original method. We find that spouses are very similar...
Persistent link: https://www.econbiz.de/10010738872
There is a capital taxation puzzle in most developed countries. Since the 1960s, revenues from wealth transfer taxation have been especially low and decreasing as a percentage of GDP, even to the extent of disappearing in quite a number of cases; by contrast, lifetime wealth or capital taxation...
Persistent link: https://www.econbiz.de/10010738837
inequality. Contrarily to a widely spread view, modern economic growth did not kill inheritance. …This paper attempts to document and account for the long run evolution of inheritance. We find that in a country like … France the annual flow of inheritance was about 20%-25% of national income between 1820 and 1910, down to less than 5% in …
Persistent link: https://www.econbiz.de/10010738844
We examine the determinants of income inequality and mobility in a Ramsey model with elastic labor supply. Individuals …
Persistent link: https://www.econbiz.de/10010933912
level since 1870. Inequality in years of schooling is found to be rapidly decreasing, but we show that this result is … completely driven by the decline in illiteracy. Then, we turn to inequality in human capital and focus on a Mincerian production … capital inequality has increased since 1870, but does not exceed 10% of world income inequality. Next, we analyse the …
Persistent link: https://www.econbiz.de/10010930213
On the website of their recent book Pour une Revolution Fiscale, Landais, Piketty and Saez (2011) have provided the public with free access to all their quantitative data, inviting the readership to critically appraise and publicly discuss their work. Unfortunately, the book's graphical...
Persistent link: https://www.econbiz.de/10010535380
We show that it is possible to reconcile the utilitarian and welfarist principles under the requirement of unanimity provided that the set of profiles over which the consensus is attained is rich enough. More precisely, we identify a closedness condition which, if satisfied by a class of...
Persistent link: https://www.econbiz.de/10009325716
A growing empirical literature shows that life expectancy depends on the wage level. Using an overlapping generations model with a small open economy, we explain why this result can change theredistributive properties of unfunded pension systems. We use the concept of "net contribution" to...
Persistent link: https://www.econbiz.de/10009643766
Using a capital-skill complementarity technology, we analytically show that an increase in the direct redistributivity of Pay-As-You-Go (PAYG) pension systems has a positive impact on wages and on wage inequalities. We also show that life expectancyinequalities play an important role in the...
Persistent link: https://www.econbiz.de/10009643777