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When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
Persistent link: https://www.econbiz.de/10014023471
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of …
Persistent link: https://www.econbiz.de/10011288530
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that the percentage of …
Persistent link: https://www.econbiz.de/10010459794
consumption, as captured by the long-run marginal propensity to consume from financial wealth (mpcw). The international evidence … changes in both consumption and wealth. Using a suitable panel technique, it is found that the hypothesis of a common long …The main objective of this paper is to offer a critique of the existing literature on the link between wealth and …
Persistent link: https://www.econbiz.de/10014060309
inequality in household wealth in all 8 countries. …We use data from the European Household Finance and Consumption Survey in order to examine the distributional effect of … intergenerational wealth transfers on the net worth distribution in 8 European countries and compare it to recent findings for the US …
Persistent link: https://www.econbiz.de/10011573797
This paper provides a broad picture of national, regional and global trends of inequality in length of life over the … of inequality measures for 201 countries at five-year intervals over the period under analysis. We estimate both absolute … and relative inequality measures which have the property of being additively decomposable. This property makes the …
Persistent link: https://www.econbiz.de/10011776424
Projected demographic changes in industrialized countries will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes will increase the capital-labor ration. Hence, rates of return to capital decrease and wages increase with adverse...
Persistent link: https://www.econbiz.de/10013100505
Projected demographic changes in industrialized countries will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes will increase the capital-labor ratio. Hence, rates of return to capital decrease and wages increase with adverse...
Persistent link: https://www.econbiz.de/10013100571
Projected demographic changes in industrialized countries will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes will increase the capital-labor ratio. Hence, rates of return to capital decrease and wages increase, which has adverse...
Persistent link: https://www.econbiz.de/10014172283
Persistent link: https://www.econbiz.de/10012318280