Social welfare orderings: a life-cycle perspective

Détails

ID Serval
serval:BIB_53320BFD4984
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Social welfare orderings: a life-cycle perspective
Périodique
Economica
Auteur⸱e⸱s
Abul Naga  Ramses H.
ISSN
0013-0427
Statut éditorial
Publié
Date de publication
2005
Peer-reviewed
Oui
Volume
72
Numéro
287
Pages
497-514
Langue
anglais
Résumé
Life-cycle theories emphasize the fact that consumption is allocated intertemporally, on the basis of a long-term concept of resources that differs from household income. Because life-cycle income is unobserved, the distribution of this variable cannot be recovered. It is shown that, within a suitably defined class, a predictor of life-cycle income based on household income and expenditure entails a distribution dominated in a social welfare sense by the distribution of life-cycle incomes. A predictor constructed from socio-demographic variables induces a distribution that welfare-dominates the distribution of life-cycle incomes.
Mots-clé
Economics Income
Création de la notice
19/11/2007 10:27
Dernière modification de la notice
20/08/2019 14:08
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