This paper studies the impact of the progressivity of income and inheritance tax on wealth inequality in France. By … switching to a proportional tax system for each type of tax, we find that income-tax progressivity is more effective than … inheritance-tax progressivity in reducing wealth inequality. Income-tax progressivity reduces income risk. The precautionary …

retirees in the current context of public pension systems reforms. The ratio of retired individuals' income per consumption … unit to that of workers was approximately 0.89 in 2003 (0.96 including capital income). Moreover, pensioners' incomes are …, on average, 102% of the average income of the population. Inter-cohort inequalities do not seem to justify these tax …

Kimball, 1990a and Kimball, 1990b established that income risk increases the marginal propensity to consume if and only …

preference) and exposition to various risks (income, unemployment, health, business). We nd that housing wealth crowds out stock …