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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
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A well‐established result in the literature is that Social Security reduces steady state welfare in a standard life cycle model. However, less is known about the historical quantitative effects of the program on agents who were alive when the program was adopted. In a computational life cycle...
Persistent link: https://www.econbiz.de/10012202816
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average share of household income from welfare transfers), low-income targeting, and universalism - and poverty and … social policy better reduces poverty than social policies targeted at the poor. This article revisits Korpi and Palme … developed and developing countries. Consistent with Korpi and Palme, we show (1) poverty is negatively associated with transfer …
Persistent link: https://www.econbiz.de/10012035065
Using an unusually comprehensive dataset from rural Ethiopia, we look for systematic relationships between bargaining power and various dimensions of intrahousehold welfare. Our results confrm some of the results previously found in the literature. We find that the relative nutrition of spouses...
Persistent link: https://www.econbiz.de/10012755271
Persistent link: https://www.econbiz.de/10011637762
We investigate the relationship between the individual and household indirect utility functions in the context of a … collective household model. Our analysis produces new results that explain how the rule governing the distribution of resources … among household members is related to the measurement of household welfare and intra-household inequality. We show that in a …
Persistent link: https://www.econbiz.de/10011856707
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
Persistent link: https://www.econbiz.de/10000328133