Lorsque l’indice Dow Jones a atteint un record absolu le 5 mars 2013, certains commentateurs ont déclaré que cette poussée soudaine de la valeur des actions indiquait une rupture de la barrière psychologique à laquelle les marchés faisaient face depuis la Grande récession. Mais...

Ce rapport présente une première version du Modèle de Micro-Simulation de l'Université Laval (SimUL) visant à simuler l'évolution de divers indicateurs reliés aux changements démographiques et aux revenus de retraite pour la période 2004-2030 au Québec. SimUL prévoit que la croissance...

Increasing inequality cannot be a long-run steady state – i.e. a trend that can continue indefinitely. Because the bottom 99% and top 1% in the U.S. and Canada have had very different rates of growth of market income among since the 1980s, consumption and savings flows have necessarily...

This paper explores impacts of recessions on private pensions and retirement savings in Canada. We estimate that the 2008-09 recession saw declines in average family wealth and retirement assets of 11% and 14% respectively. Average wealth recovered by the end of 2010, but retirement assets...

After the inheritance tax ruling by the German Federal Constitutional Court, legislators will have to limit the wide-ranging exemptions on company assets. In recent years, they have exempted half of all assets subject to inheritance tax. In particular, large transfers consisting mainly of...

Analysis on wealth inequality based on survey data usually suffers from under-coverage of high-net-worth individuals. Especially this group of persons is of high relevance given their substantial share of the total net worth. As there is no tax data available in Germany, the largest fortunes can...

We discuss and compare fi…ve measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...

In diesem Beitrag wird der obere Rand der Einkommens· und Vermögensverteilung in Deutschland mit Daten des Sozio·oekonomischen Panels (SOEP) analysiert. In Anlehnung an das von Sen (1976) für die Armutsmessung vorgeschlagene Vorgehen werden zunächst unterschiedliche Schwellenwerte...

The present study calculates variable, cross-sectional as well as longitudinal equivalence scales on the basis of the German 1984-2010 Socio-Economic Panel (SOEP) database for West Germany. It follows the "individual variant" for calculating subjective equivalence scales using "life...