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Do Redistributive Pension Systems Increase Inequalities and Welfare?
Hachon, Christophe - HAL - 2008
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
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Redistribution, Pension Systems and Capital Accumulation
Hachon, Christophe - HAL - 2008
In this paper we study the macroeconomic impact of a policy which changes the redistributive properties of an unfunded pension system. Using an overlapping generations model with a closed economy and heterogenous agents, we show that a weaker linkbetween contributions and benefits has an impact...
Persistent link: https://www.econbiz.de/10009643779
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The three worlds of welfare capitalism revisited
Brockhoff, Sarah; Rossignol, Stéphane; Taugourdeau, … - HAL - 2012
distribution of risks inside society, the Liberal system wins if the inequality of income is low, and the Beveridgean system wins … if the inequality of income is high. Using a utilitarian criterion, the Beveridgean system always dominates and the …
Persistent link: https://www.econbiz.de/10010635025
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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
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Ambition and jealousy. Income interactions in the "Old" Europe versus the "New" Europe and the United States
Senik, Claudia - HAL - 2007
Using individual-level data from a large number of countries, this paper examines how self-reported subjective well-being depends on own income and reference income, where reference income is defined as the income of professional peers. It uncovers a divide between "old" -low mobility- European...
Persistent link: https://www.econbiz.de/10010738753
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The Great Happiness Moderation
Clark, Andrew E.; Flèche, Sarah; Senik, Claudia - HAL - 2012
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced … declare low and high levels of happiness. Rising income inequality moderates the fall in happiness inequality, and may even … the happiness of all, it will at least harmonize the happiness of all, providing that income inequality does not grow too …
Persistent link: https://www.econbiz.de/10010738897
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Economic Growth Evens-Out Happiness: Evidence from Six Surveys
Clark, Andrew E.; Flèche, Sarah; Senik, Claudia - HAL - 2014
In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality …
Persistent link: https://www.econbiz.de/10010738907
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When unstable, growth is less pro poor
Guillaumont, Patrick; Korachais, Catherine - HAL - 2011
Macroeconomic instability has been increasingly considered as a factor lowering average income growth and by this way is a factor slowing down poverty reduction. But it can also result in slower poverty reduction for a given average rate of growth, due to poverty traps, often examined at the...
Persistent link: https://www.econbiz.de/10008805948
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Financial Development and Growth: A Re-Examination using a Panel Granger Causality Test
Hurlin, Christophe; Venet, Baptiste - HAL - 2008
In this paper we investigate the causal relationship between financial development and economic growth. We use an innovative econometric method which is based on a panel test of the Granger non causality hypothesis. We implement various tests with a sample of 63 industrial and developing...
Persistent link: https://www.econbiz.de/10008793833
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Distribution and Growth in France (1982-2006): A Cointegrated VAR Approach
Allain, Olivier; Canry, Nicolas - HAL - 2007
In this article, we propose a simple Post Keynesian model so as to test whether French economy is wage or profit-led i.e. whether a wage share increase has a negative or positive impact on economic growth. In that perspective, we estimate econometrically the three behaviour equations of our...
Persistent link: https://www.econbiz.de/10010750444