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less than their husbands. As a result, much of the redistribution at the individual level was effectively from high earning … high income households. Both factors mitigate redistribution at the household level. This paper compares outcomes for the … fosters somewhat more redistribution from high to low earning households. The analysis is based on data from the Health and …
Persistent link: https://www.econbiz.de/10013120197
Building on the existing literature that examines the extent of redistribution in the Social Security system as a whole … inequality. Second, we find that this result is driven largely by the lack of redistribution across the middle and upper part of … distribution. Third, in cases where redistribution does occur, we find it is not efficiently targeted: many high income households …
Persistent link: https://www.econbiz.de/10013152504
How much does the current social security system really redistribute from rich to poor? We use the PSID to estimate lifetime wage profiles and actual earnings each year for a sample of 1778 individuals, and we use mortality probabilities to calculate expected payroll taxes and social security...
Persistent link: https://www.econbiz.de/10013218899
for participants in the Health and Retirement Study to investigate redistribution under the current social security … high lifetime earnings to those with low lifetime earnings. However, much of this apparent redistribution is from men to … the total lifetime earnings, and spouse and survivor benefits are taken into account, the extent of redistribution from …
Persistent link: https://www.econbiz.de/10013235275
China has legislated a mixed social security pension system with a defined benefit pay-as-you-go portion and an … context and calculates the advantage to China of using an investment-based portion. Several options for reform of the recently …
Persistent link: https://www.econbiz.de/10013218314
-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not … result in weaker political preferences for redistribution …
Persistent link: https://www.econbiz.de/10013113154
Social contracts about inequality and redistribution are country-specific. We rely on a model of inequality and … redistribution where multiple steady states can emerge in given country. We link the model to the recent literature on beliefs and … we call 'dissipative inclusion', where redistribution and social inclusion are effectively achieved but accompanied by …
Persistent link: https://www.econbiz.de/10013096858
This paper discusses what determines the preferences of individuals for redistribution. We review the theoretical …
Persistent link: https://www.econbiz.de/10012757663
redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax …
Persistent link: https://www.econbiz.de/10012980675
This paper argues that the social nature of humans, absent from the standard economic model, is crucial to understand our large modern social states and why concerns about inequality are so pervasive. A social solution arises when a situation is resolved at the group level (rather than the...
Persistent link: https://www.econbiz.de/10014089529