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regulators depart from this simple two-part tariff to address concerns about income inequality. We first show that in theory …, price setters concerned about inequality will charge lower fixed monthly fees and higher per-kWh prices, and increasing …
Persistent link: https://www.econbiz.de/10012480330
Within developing and newly industrialized countries, rising wage inequality is both common and highly correlated with … model Southern catch-up induces a correlation between rising inequality and export growth. It also induces a shift in trade … patterns that results in skill upgrading and rising inequality in both the South and the North. A rudimentary empirical …
Persistent link: https://www.econbiz.de/10012470273
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … such activities, thus exacerbating inequality among a large part of the population. We then survey the existing empirical …
Persistent link: https://www.econbiz.de/10012458917
Persistent link: https://www.econbiz.de/10000109281
This paper examines the consequences of social security reform for the inequality of consumption across individuals …. The idea is that inequality is at least in part the result of individual risk in earnings or asset returns, the effects of … which accumulate over time to increase inequality within groups of people as they age. Institutions such as social security …
Persistent link: https://www.econbiz.de/10012471205
In this paper, we analyze a variety of data on saving motives, bequest motives, and bequest division from the Comparative Survey of Savings in Japan and the United States,' a binational survey conducted in 1996 by the Institute for Posts and Telecommunications Policy of the Ministry of Posts and...
Persistent link: https://www.econbiz.de/10012471313
In this paper, we exploit a 'natural experiment' associated with human reproduction to identify the effect of teen childbearing on subsequent educational attainment, family structure, labor market outcomes and financial self-sufficiency. In particular, we exploit the fact that a substantial...
Persistent link: https://www.econbiz.de/10012471388
This paper uses data on anticipated bequests from two waves of the Health and Retirement Study and the Asset and Health Dynamics of the Oldest Old (AHEAD), and on actual bequests from AHEAD. Actual bequests were measured in exit interviews given by proxy respondents for 774 AHEAD respondents who...
Persistent link: https://www.econbiz.de/10012471404
The conventional approach to retirement and life insurance planning, which is used throughout the financial planning industry, differs markedly from the economic approach. The conventional approach asks households to specify how much they want to spend before retirement, after retirement, and in...
Persistent link: https://www.econbiz.de/10012471463
This paper employs a synthetic cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups. Using these profiles, we estimate a structural model of...
Persistent link: https://www.econbiz.de/10012471519