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This paper quantifies the effects of social security on capital accumulation and wealth distribution in a life-cycle framework with altruistic individuals. The main findings of this paper are that the current U.S. social security system has a significant impact on capital accumulation and wealth...
Persistent link: https://www.econbiz.de/10005085591
. In some contexts, these two forms of relatedness interact. Caring about others can conveniently be labeled altruism … deprivation. I provide examples of domains in which the incorporation of altruism and relative deprivation can point to novel … consideration of relative deprivation can substitute for the prevalence of altruism, and vice versa. I conclude that this is a …
Persistent link: https://www.econbiz.de/10010326706
. In some contexts, these two forms of relatedness interact. Caring about others can conveniently be labeled altruism … deprivation. I provide examples of domains in which the incorporation of altruism and relative deprivation can point to novel … consideration of relative deprivation can substitute for the prevalence of altruism, and vice versa. I conclude that this is a …
Persistent link: https://www.econbiz.de/10010369089
. In some contexts, these two forms of relatedness interact. Caring about others can conveniently be labeled altruism … deprivation. I provide examples of domains in which the incorporation of altruism and relative deprivation can point to novel … consideration of relative deprivation can substitute for the prevalence of altruism, and vice versa. I conclude that this is a …
Persistent link: https://www.econbiz.de/10012583806
. In some contexts, these two forms of relatedness interact. Caring about others can conveniently be labeled altruism … deprivation. I provide examples of domains in which the incorporation of altruism and relative deprivation can point to novel … consideration of relative deprivation can substitute for the prevalence of altruism, and vice versa. I conclude that this is a …
Persistent link: https://www.econbiz.de/10010197411
. In some contexts, these two forms of relatedness interact. Caring about others can conveniently be labeled altruism … deprivation. I provide examples of domains in which the incorporation of altruism and relative deprivation can point to novel … consideration of relative deprivation can substitute for the prevalence of altruism, and vice versa. I conclude that this is a …
Persistent link: https://www.econbiz.de/10010257295
. In some contexts, these two forms of relatedness interact. Caring about others can conveniently be labeled altruism … deprivation. I provide examples of domains in which the incorporation of altruism and relative deprivation can point to novel … consideration of relative deprivation can substitute for the prevalence of altruism, and vice versa. I conclude that this is a …
Persistent link: https://www.econbiz.de/10010955013
are taken into account and rent is generated. This hypothesis, which is a macro engine for inequality, creates a gap …
Persistent link: https://www.econbiz.de/10011858466
net worth overstate welfare inequality. This is largely due to the unaccounted value of future earnings, which we call … 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 …
Persistent link: https://www.econbiz.de/10014536952
processes or utility. Accounting for the value of human capital delivers a different view of inequality: (i) in 2016 the top 10 … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …
Persistent link: https://www.econbiz.de/10012431054