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In a choice model of risky assets the role of risk aversion is analyzed. The measure of risk preference comes from a direct subjective survey question and it is considered as an imperfect information about the true risk attitude of investors. Misclassification between the true and the observed...
Persistent link: https://www.econbiz.de/10012722786
Each May, Forbes magazine publishes a study on tax misery. The Forbes Tax Misery Index is a proxy for evaluating whether tax policy attracts or repels capital and talent. It is computed by adding the top marginal tax rate for the corporate income tax, individual income tax, wealth tax,...
Persistent link: https://www.econbiz.de/10012729006
Profits-only partnership interests grant service-providing partners an interest in the profits of a partnership but not its capital. Such interests are a proverbial double-edged sword: they create economic arrangements needed in business, but provide opportunities for inequitable tax reductions....
Persistent link: https://www.econbiz.de/10012766256
In the wake of the economic reform programme undertaken since 1991, distributional issues have received considerable attention and policy concern. In pursuit of such concerns, the government has worked out an approach to the Eleventh Five Year Plan, which lays emphasis on, though without...
Persistent link: https://www.econbiz.de/10012722670
annuitized value of comprehensive wealth and the ratio of comprehensive wealth to the actuarial present value of future poverty … poverty-line wealth of 3.56. About 12 percent of households, however, do not have sufficient wealth to finance consumption … equal to the poverty line over their expected lifetimes, even after including the value of Social Security and welfare …
Persistent link: https://www.econbiz.de/10012730585
The paper provides a summary of evidence on the development of poverty in the Czech Republic since 1989. First, the new … sources of poverty after 1989 and the new measures introduced to prevent or combat it are described. Second, the relative ease …, a variety of measurements that reveal different faces of poverty, comparing so-called objective and subjective …
Persistent link: https://www.econbiz.de/10012734871
A close formal relationship between poverty measurement and the measurement of downside risk was established by … Breitmeyer et al. (1999). Moreover, they show that well-known requirements for poverty measures can motivate reasonable … properties of downside risk measures, too. We build on their work by transforming a number of poverty measures into (new …
Persistent link: https://www.econbiz.de/10012736045
This paper examines two issues associated with the impact of migration on household income and poverty. First, existing … corrected impact is shown to be three to five times larger for income and two to three times larger for poverty than is obtained … from standard analysis. Second, existing studies examine migration's impact on the poverty of the entire sample. However …
Persistent link: https://www.econbiz.de/10012778517
We analyze the intergenerational income mobility of Canadians born to immigrants using the 2001 Census. A detailed portrait of the Canadian population is offered as are estimates of the degree of generational mobility among the children of immigrants from 70 countries. The degree of persistence...
Persistent link: https://www.econbiz.de/10012778519
Poverty has remained widespread in Mozambique, mostly on account of the prevalent war situation. This paper provides a …
Persistent link: https://www.econbiz.de/10012780990