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We suggest a simple and flexible criterion to assess relative inter-generational mobility. It accommodates different types of outcomes, such as (continuous) earnings or (discrete and ordinal) education levels, and captures dynastic improvements of such outcomes at different points of the initial...
Persistent link: https://www.econbiz.de/10014296611
We model an environment in which individuals prefer to be in a space in which their rank is higher, be it a social space, a geographical space, a work environment, or any other comparison sphere which we refer to in this paper, and without loss of generality, as a region. When the individuals...
Persistent link: https://www.econbiz.de/10014296667
Social stress can cause physical and mental harm. It is therefore not surprising that public health policy makers have sought to identify and implement policies aimed at tackling this social ill. A frequently prescribed remedy is to reduce social stress by reducing income inequality, which is...
Persistent link: https://www.econbiz.de/10014296874
productivity to seek for a job. We examine the influence of the ratio between estimated potential labor income and the welfare …
Persistent link: https://www.econbiz.de/10010262161
household labor supply and a microsimulation program of the French taxbenefit system. The collective approach allows studying … rather than an ambiguous concept of household welfare. This way, the planner?s preferences address not only inter-household … inequalities but also intra-household inequalities often neglected in the literature. The other contribution of the paper derives …
Persistent link: https://www.econbiz.de/10010262173
We examine the socially optimal wealth distribution in a two-person two-good model with heterogeneous workers and asymmetric social interactions where only one (social) individual derives positive or negative utility from the leisure of the other (non-social) individual. We show that the...
Persistent link: https://www.econbiz.de/10010268569
is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values …. The industry equilibrium is compared to one in which informality is prohibited. With relatively high product demand, the … profit is redistributed towards more able entrepreneurs. With relatively low product demand the opposite effects obtain. We …
Persistent link: https://www.econbiz.de/10010268865
We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....
Persistent link: https://www.econbiz.de/10010269097
This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of each individual into a measure of permanent income, which...
Persistent link: https://www.econbiz.de/10010269542
This paper uses sequential stochastic dominance procedures to compare the joint distribution of health and income across space and time. It is the first application of which we are aware of methods to compare multidimensional distributions of income and health using procedures that are robust to...
Persistent link: https://www.econbiz.de/10010269622