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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/10012981855
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
among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …-ative inequality. Wealth inequality declined in advanced Western countries during the first half of the 20th century, then stabilized …
Persistent link: https://www.econbiz.de/10014564314
economic development. Although contemporary inequality is much lower than early 20th-century figures, the 'real' wealth of …Despite its relevance in 19th-century economics, wealth -its accumulation, composition, and distribution- has largely …, Italy presented a historically high value of total private wealth but had relatively small relevance in total bequests flows …
Persistent link: https://www.econbiz.de/10014439450
alternative systems focuses on their effects on savings, capital accumulation, labour supply, economic growth and inequality and …
Persistent link: https://www.econbiz.de/10012207196
In the early 1950s Modigliani, with Brumberg and Ando, formulated the life-cycletheory of consumption and savings that …. One reason is the existence of an important inter-generational transmission of wealth, to be imputed to motives that are …
Persistent link: https://www.econbiz.de/10010854342
In the early 1950s Modigliani, with Brumberg and Ando, formulated the life-cycletheory of consumption and savings that …. One reason is the existence of an important inter-generational transmission of wealth, to be imputed to motives that are …
Persistent link: https://www.econbiz.de/10010752552
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … annuities, or for a given level of annuitization, both increasing longevity and decreasing fertility should reduce the inherited … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …
Persistent link: https://www.econbiz.de/10011499894
among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …-ative inequality. Wealth inequality declined in advanced Western countries during the first half of the 20th century, then stabilized …
Persistent link: https://www.econbiz.de/10015047235
among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce relative … inequality. Wealth inequality declined in advanced Western countries during the first half of the 20th century, then stabilized …
Persistent link: https://www.econbiz.de/10015076060