We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features … consumption inequality and wealth inequality. Second, a pension system reform from a defined benefit to a defined contribution … works to reinforce consumption inequality and reduce wealth inequality. Third, minimum pension benefits are able to …

longevity. However, an increased number of births implies immediate private costs and only delayed public benefits of younger …

We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the …

information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …

wealth might therefore exacerbate the consequences of labor market inequality. … attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e …

We use 1995, 2002 and 2013 CHIP data to investigate the urban household consumption expenditure inequality. The overall … inequality of urban household consumption expenditure measured by Gini coefficient slightly decreases from 0.33 in 1995 to 0 …, the percentile ratio of p90/p10 shows that consumption inequality increases all the time. Besides, the inequality of basic …

This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of …

longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some … efficiency gains. However, prior research financed the transitory costs of the reform by taxing consumption. We show that in the … context of longevity, capital income taxation provides a superior alternative: welfare gains are sufficient to outweigh the …

While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is … and for a detailed decomposition of net wealth inequality into a variety of circumstances; among them childhood background … that about 62% of the inequality in net wealth is due to circumstances. The most important circumstances are …