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We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort ex ante heterogeneity. The first economy has a defined benefit system, and the second economy is in transition from a defined benefit to a defined contribution. We find that if...
Persistent link: https://www.econbiz.de/10011606590
We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort ex ante heterogeneity. The first economy has a defined benefit system, and the second economy is in transition from a defined benefit to a defined contribution. We find that if...
Persistent link: https://www.econbiz.de/10011522240
Persistent link: https://www.econbiz.de/10012055166
. Social welfare and inequality have emerged as crucial concerns about recent pension reforms, stressing that the lack of …
Persistent link: https://www.econbiz.de/10015181979
human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from …
Persistent link: https://www.econbiz.de/10013382060
subsidies, improving economic outcomes and reducing inequality. …
Persistent link: https://www.econbiz.de/10015191345
subsidies, improving economic outcomes and reducing inequality. …
Persistent link: https://www.econbiz.de/10015189538
human wealth. The latter mitigates permanent-income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from …
Persistent link: https://www.econbiz.de/10014536952
-being (consumption flows, stocks of wealth, income equality, and economic security) from the lens of the Index of Economic Well-being, a …
Persistent link: https://www.econbiz.de/10005650207
and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … young people delaying setting up home. Inequality in per capita consumption rose during the crisis, particularly as a result … of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality …
Persistent link: https://www.econbiz.de/10011967426