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Income Inequality, Mobility, and the Accumulation of Capital: The Role of Heterogeneous Labor Productivity
García-Peñalosa, Cecilia; Turnovsky, Stephen J. - HAL - 2012
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
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Education inequalities and the Kuznets curves: a global perspective since 1870
Morrisson, Christian; Murtin, Fabrice - HAL - 2007
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
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Des figures et des chiffres : Analyse de Pour une révolution fiscale, de Landais, Piketty et Saez (2011)
Guiard, Yves - HAL - 2012
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
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Utilitarianism or Welfarism: Does it Make a Difference?
Gravel, Nicolas; Moyes, Patrick - HAL - 2011
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
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Who Really Benefits from Pension Systems?
Hachon, Christophe - HAL - 2008
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
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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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Unequal Uncertainties and Uncertain Inequalities: An Axiomatic Approach
Gajdos, Thibault; Maurin, Eric - HAL - 2004
In this paper, we provide an axiomatic characterization of social welfare functions for uncertain incomes. Our most general result is that a small number of reasonable assumptions regarding welfare orderings under uncertainty rule out pure ex ante as well as pure ex post evaluations. Any social...
Persistent link: https://www.econbiz.de/10010750535
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Inequality and Social Security Reforms
Hairault, Jean-Olivier; Langot, François - HAL - 2008
-productivity workers, leading to an increase in welfare inequality. We show that the very popular idea that a more funded system would … ineluctably lead to more inequalities in well-being can be justified only by focusing on the inequality of positions in case of …
Persistent link: https://www.econbiz.de/10010750692
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Is inequality harmful for the environment in a growing economy ?
Kempf, Hubert; Rossignol, Stéphane - HAL - 2006
In this paper we investigate the relationship between inequality and the environment in a growing economy from a … and show that inequality is harmful for the environment : the poorer the median voter relative to the average individual …
Persistent link: https://www.econbiz.de/10010750774