Narrow search
Showing 1 - 10 of 579
Cover Image
Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality
Primiceri, Giorgio; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2007
evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in … consumption inequality did not increase much over this period. Our results support the view that many permanent changes in income …Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of …
Persistent link: https://www.econbiz.de/10005703321
Cover Image
Multidimensional Affluence: Theory and Applications to Germany and the US
Peichl, Andreas; Pestel, Nico - Institute for the Study of Labor (IZA) - 2011
a common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of …
Persistent link: https://www.econbiz.de/10009283567
Cover Image
What Do Unions Do to Pension Performance?
Even, William E.; Macpherson, David A. - Institute for the Study of Labor (IZA) - 2010
This study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with the design of the pension. Using panel data on over...
Persistent link: https://www.econbiz.de/10008684793
Cover Image
Shifting Perspectives in Pensions
Góra, Marek; Palmer, Edward - Institute for the Study of Labor (IZA) - 2004
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...
Persistent link: https://www.econbiz.de/10005703380
Cover Image
Agreement Theory and Consensus
Candeal, Juan Carlos; Induráin, Esteban; Molina, José … - Institute for the Study of Labor (IZA) - 2011
In order to formalize the act of agreement between two individuals, the concept of consensus functional equation, for a bi-variate map defined on an abstract choice set, is introduced. Then, and in a purely choice-theoretical framework, we relate the solutions of this equation to the notion of a...
Persistent link: https://www.econbiz.de/10009416943
Cover Image
Interpersonal Comparisons of Utility: An Algebraic Characterization of Projective Preorders and Some Welfare Consequences
Candeal, Juan Carlos; Induráin, Esteban; Molina, José … - Institute for the Study of Labor (IZA) - 2007
It is shown that any completely preordered topological real algebra admits a continuous utility representation which is an algebra-homomorphism (i.e., it is linear and multiplicative). As an application of this result, we provide an algebraic characterization of the projective (dictatorial)...
Persistent link: https://www.econbiz.de/10005822421
Cover Image
Should Old-Age Benefits Be Earnings-Tested?
Määttänen, Niku; Poutvaara, Panu - Institute for the Study of Labor (IZA) - 2007
We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals’ expected lifetime utility, whenever other taxes are...
Persistent link: https://www.econbiz.de/10005763479
Cover Image
Money Doesn’t Buy Happiness - Or Does It? A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption
Headey, Bruce; Muffels, Ruud; Wooden, Mark - Institute for the Study of Labor (IZA) - 2004
countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …
Persistent link: https://www.econbiz.de/10005763522
Cover Image
Migrant Labor Markets and the Welfare of Rural Households in the Developing World: Evidence from China
de Brauw, Alan; Giles, John T. - Institute for the Study of Labor (IZA) - 2012
In this paper, we examine the impact of reductions in barriers to migration on the consumption of households in rural … China. We find that increased migration from rural villages leads to significant increases in consumption per capita, and … that this effect is stronger for poorer households within villages. Household income per capita and non-durable consumption …
Persistent link: https://www.econbiz.de/10010675506
Cover Image
Income Receipt and Mortality: Evidence from Swedish Public Sector Employees
Andersson, Elvira; Lundborg, Petter; Vikström, Johan - Institute for the Study of Labor (IZA) - 2014
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By exploiting variation in pay-days across work-places, we completely control for mortality patterns related to, for example, public holidays and other special days or events...
Persistent link: https://www.econbiz.de/10010886134