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idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a hedge (i.e. a spouse whose income is … to agents income is early, then those who in fact married hedges (and for good reason) are the ones most likely to be … resolution of uncertainty to agents income is predominantly later, then those who in fact marry hedges will in fact be less …
Persistent link: https://www.econbiz.de/10011399259
Yes, subject to concerns about Medicare inefficiencies and potentially self-confirming skepticism. The U.S. social security system-broadly defined to include Medicare-faces significant financial problems as the result of an aging population. But demographic change is also likely to raise...
Persistent link: https://www.econbiz.de/10011511045
their systems of old-age income support. It presents two scenarios illustrating the most important uncertainties surrounding … by high-income earners, by issuing new financial instruments, and by conducting intergenerational risk sharing through …
Persistent link: https://www.econbiz.de/10011408835
This paper studies within-family decision making regarding investment in income protection for surviving spouses. A …
Persistent link: https://www.econbiz.de/10011410000
income determines the population that can be sustained, with the Boserupian insight that greater population spurs …
Persistent link: https://www.econbiz.de/10011449334
In this paper, we demonstrate how age-adjusted inequality measures can be used to evaluate whether changes in … inequality over time are due to changes in the age structure. To this end, we use administrative data on earnings for every male … Norwegian during 1967-2000. We find that the substantial rise in earnings inequality over the 1980s and into the early 1990s, is …
Persistent link: https://www.econbiz.de/10008697505
The cross-country relationship between Covid-19 crude mortality rates and previously measured income inequality and … associated with higher mortality. The death rate has a consistent strong positive relationship with the Gini coefficient for … income. Poverty as measured by the $1.90 per day standard has a small negative association with death rates. The elasticity …
Persistent link: https://www.econbiz.de/10012489645
We show that a recent appendix to the Gini-coefficient to make the latter more sensitive to asymmetric income … distributions can be viewed as an abstract measure of skewness. We develop some of its properties and apply it to the US-income …
Persistent link: https://www.econbiz.de/10011497895
utilitarian social welfare function yields a simple welfare measure which comprises both GDP and income inequality as measured by …
Persistent link: https://www.econbiz.de/10011845317
large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as …
Persistent link: https://www.econbiz.de/10011862889