Similar Search Results

Convergencia y desigualdad en renta permanente y corriente

Serrano Martínez, Serrano Martínez Lorenzo - Fundación BBVA - 2006

The literature on inequality among economies has focused on analysing the dispersion of indicators such as annual per capita income. This paper adopts a different approach, as it considers the life cycle dimensionof inequality, life expectancy and whether annual per capita income can be expected...

Persistent link: https://www.econbiz.de/10008683555

European Integration and Inequality among Countries: a Lifecycle income Analysis

Serrano Martínez, Serrano Martínez Lorenzo; Pastor … - Fundación BBVA - 2009

In this working paper we analyze the effects of the expansions of the European Union on inequality using an approach based on individuals lifecycle incomes. Such an approach allows us to consider the effect of different national growth and survival rates on inequality. It differs from the usual...

Persistent link: https://www.econbiz.de/10008684742

Private Sector Consumption and Government Consumption and Debt in Advanced Economies An Empirical Study

Mukherjee, Sanchita; Bhattacharya, Rina - International Monetary Fund (IMF) - 2010

This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with fiscal variables, and in particular with government debt per capita. Using data from eighteen OECD countries the paper examines whether there is any empirical evidence to support...

Persistent link: https://www.econbiz.de/10008727794

Income Mobility and Welfare

Krebs, Tom; Krishna, Pravin; Maloney, William - International Monetary Fund (IMF) - 2013

This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing measurement error or transitory income shocks and an...

Persistent link: https://www.econbiz.de/10010790325

Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies

Bhattacharya, Rudrani; Patnaik, Ila - International Monetary Fund (IMF) - 2013

How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform...

Persistent link: https://www.econbiz.de/10010790416

Financial integration and consumption risk sharing and smoothing

Suzuki, Yui - In: International Review of Economics & Finance 29 (2014) C, pp. 585-598

While paying careful attention to the stochastic properties of income process, this paper tests the joint rational expectation and permanent income hypothesis (RE/PIH) to clarify how and to what degree financial integration delinks national income and consumption. It is shown that both the OECD...

Persistent link: https://www.econbiz.de/10010729768

Do the Rich Save More in Canada?

Alan, Sule; Atalay, Kadir; Crossley, Thomas F. - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2013

This paper is an attempt to answer the long standing question of whether more affluent households save a larger fraction of their income. The major difficulty in empirically assessing the relationship between incomes and saving rates is to construct a credible proxy for long-run income –...

Persistent link: https://www.econbiz.de/10010656025

Mistah Friedman? He Dead.

Galbraith, James K. - In: Econ Journal Watch 10 (2013) 2, pp. 180-183

Why is there no Milton Friedman today? For two reasons. The young Milton Friedman emerged from a cloistered hold-out against the Age of Keynes; as such he was a battle-tested master of ingenuity and subterfuge. The accomplishments of those years cannot be replicated by the dominant and dogmatic...

Persistent link: https://www.econbiz.de/10010659518

Mobility, Taxation and Welfare

Bibi, Sami; Duclos, Jean-Yves; Araar, Abdelkrim - Centre Interuniversitaire sur le Risque, les Politiques … - 2013

Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...

Persistent link: https://www.econbiz.de/10010665517

Guidelines for Exploiting Natural Resource Wealth

Ploeg, Frederick van der - Oxford Centre for the Analysis of Resource-Rich … - 2014

The principles of how best to manage the various components of national wealth are outlined, where the permanent income … hypothesis, the Hotelling rule and the Hartwick rule play a prominent role. As far as managing natural resource wealth is … concerned, a case is made to use an intergenerational sovereign wealth fund to smooth consumption across generations, a …

Persistent link: https://www.econbiz.de/10010740582