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Redistribution across individuals in a one-year-period framework is an empirically intensely studied question. However …, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective …, reducing the level of actual redistribution across individuals. This paper investigates to what extent long-run redistribution …
Persistent link: https://www.econbiz.de/10012289471
Redistribution across individuals in a one-year-period framework is an empirically intensely studied question. However …, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective. In … role in welfare states with aging societies. This paper investigates to what extent long-run redistribution diverges from …
Persistent link: https://www.econbiz.de/10011911179
This paper presents an analysis of the recent evolution of social assistance in the developing world, looking at its complex typological configuration, which has interlinked with, and partly reflects the complex demographic and epidemiological transitions and rapid urbanization and economic...
Persistent link: https://www.econbiz.de/10012124448
We consider three transfer models with a representative individual who discounts the utility of the merit good with respect to the standard one's. In each model, a paternalistic government taxes the consumer and transfers him additional merit goods in return. The private purchase of the merit...
Persistent link: https://www.econbiz.de/10011628049
Using observational micro data from the Luxembourg Income Study (LIS), we assess the redistributive impact of tax and transfer configurations across 22 OECD countries for the period 1999-2013. After recovering new tax data (employer social contributions), we measure the reduction of income...
Persistent link: https://www.econbiz.de/10011687330
Budget Incidence Fiscal Redistribution Dataset on Relative Income Poverty (LLBIFR Dataset on Relative Income Poverty 2019 …
Persistent link: https://www.econbiz.de/10012009221
device when goverment is concerned with individual utility and poverty. Redistribution can be done using social security …
Persistent link: https://www.econbiz.de/10014056172
A well-established result in the literature is that Social Security tends to reduce steady state welfare in a standard life cycle model. However, less is known about the historical effects of the program on agents who were alive when the program was adopted. In a computational life cycle model...
Persistent link: https://www.econbiz.de/10012970830
This paper analyzes a social security policy with public debt in an overlapping generations growth model. In particular, the paper considers a situation in which population aging causes a heavy burden of social security payments where public debt is issued by the government to finance the...
Persistent link: https://www.econbiz.de/10014221687
Poor heath, large acute and long-term care medical expenses, and spousal death are significant drivers of impoverishment among retirees. We document these facts and build a rich, overlapping generations model that reproduces them. We use the model to assess the incentive and welfare effects of...
Persistent link: https://www.econbiz.de/10014048934