Income, inequality and the life cycle:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Aldershot u.a.
Elgar
1992
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXI, 240 S. graph. Darst. |
| ISBN: | 1852786094 |
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|---|---|
| adam_text | Income, Inequality
and the Life Cycle
John Creedy
The Truby Williams Professor of Economics,
The University of Melbourne
Edward Elgar
Contents
List of Figures ix
List of Tables xi
Preface xiii
Introduction xv
PARTI LIFETIME EARNINGS
1 Lifetime Earnings and Inequality 3
1 1 Earnings over Several Years 6
1 2 The Present Value of Lifetime Earnings 9
1 3 Alternative Approaches 11
1 4 Combining Income and Net Worth 14
1 5 Consumption and Inequality 17
Notes and Further Reading 19
2 Measuring Wealth in Imperfect Capital Markets 21
21A Basic Two-Period Model 22
2 2 The Isoelastic Utility Function 26
3 Earnings Comparisons between Generations 32
3 1 Cohort and Cross-Sectional Earnings Profiles 35
3 2 All Occupations Combined 37
3 3 Occupational Differences 41
3 4 An Application 43
Notes and Further Reading 47
4 Lifetime Earnings of Men in Australia 48
4 1 Age-Earnings Profiles 49
4 2 Inequality and the Time Period SS
4 3 Occupational Comparisons 58
Notes and Further Reading 61
vi Contents
5 Earnings Profiles and Compensation 63
5 1 Constant Earnings 64
5 2 The Use of Earnings Profiles 66
5 3 Some Further Comparisons 74
Notes and Further Reading 76
PART II EARNINGS OF SCIENTISTS
6 Cohort and Cross-Sectional Earnings Profiles 81
6 1 The Basic Model 81
6 2 Empirical Results 84
Notes and Further Reading 90
7 Variations in Earnings and Responsibility 91
7 1 Measuring Responsibility 93
7 2 Earnings and Responsibility 96
7 3 Age and Earnings 101
8 Earnings and Job Mobility 106
8 1 The Analysis of Internal Processes 107
8 2 The Measurement of Internal Mobility 108
8 3 Changes in Job Duties and Earnings 111
8 4 Mobility and Earnings 118
PART HI DEMOGRAPHIC EFFECTS
9 Financing Pensions in an Ageing Population 127
9 1 Alternative Systems 128
9 2 The Government Budget Constraint 133
9 3 Ageing Populations and the Tax Rate 138
Notes and Further Reading 147
10 Aggregate Consumption in a Life-Cycle Model 150
10 1 The Treatment of Household Size 151
10 2 Aggregation over Households 153
10 3 Aggregation over Ages 156
Notes and Further Reading 162
Contents vii
PART IV TAXATION
11 Individual Choice and the Tax Structure 167
11 1 Progression and Intertemporal Allocation 168
11 2 Intertemporal and Interpersonal Allocation 174
11 3 Direct and Indirect Taxation in a
Two-Period Model 177
12 Revenue and Inequality Neutral Changes in the
Tax Mix 182
12 1 Consumption Tax Structures 183
12 2 Transfers and Income Taxation 185
12 3 Changing the Tax Mix 190
Notes and Further Reading 195
13 Changing the Tax Mix and Unions Wage Demands 198
13 1 Simple Monopoly Unions 200
13 2 Changes in the Tax Mix 203
13 3 Revenue Neutral Changes 205
Notes and Further Reading 209
14 Financing Higher Education and Majority Voting 210
14 1 The Model 212
14 2 Majority Voting 220
Notes and Further Reading 225
Bibliography 227
Index 239
Figures
2 1 Wealth in a two-period model 25
3 1 Cross-sectional and cohort earnings profiles 37
3 2 Alternative profiles of fathers and sons 39
4 1 Projected age-earnings profiles: Australian men
aged 20 in 1985/86, with 3% growth 54
4 2 Dispersion of annual and long period earnings:
Australian men aged 20 in 1985/86 57
5 1 Earnings profiles and compensation 67
9 1 The means-tested system 141
92A basic pension with value added tax and
national insurance contributions 142
9 3 Effective tax rates with no means testing 142
9 4 Marginal and average tax rates with means testing 143
9 5 Marginal and average tax rates with a multi-tax
system 144
96A higher average pensioner income: means testing 145
97A higher average pensioner income: a multi-tax
scheme 145
11 1 Income tax in a two-period model 170
11 2 Committed consumption in each period 178
14 1 Educational choice and deficit neutrality schedules 215
IX
Tables
3 1 Earnings profiles 45
3 2 Variance profiles 45
4 1 Earnings in various age groups: Australian men
1985-86 51
4 2 Discounted earnings: Australian men aged 20 in
1985-86 55
4 3 Coefficient of variation of annual and long period
income: Australian men aged 20 in 1985-86 57
4 4 Contribution of mobility to inequality 58
4 5 Age-earnings profiles 59
4 6 Earnings from age 20 to age 55 60
5 1 Income tax structure: Australia 1986 64
5 2 Income profiles from age 40:1986 + 71
5 3 Income profiles from age 50:1986 + 73
5 4 Some comparisons 75
6 1 Earnings profiles: members of the RSC 87
6 2 Earnings profiles: Australian scientists 88
6 3 Regressions using age and calendar date 89
7 1 Responsibility assessment schedule 94
7 2 Linear regressions of annual earnings on
responsibility score: 1983 98
7 3 Weighted regressions of log (ym) =a+ |k 100
8 1 Percentage earnings changes by reason for change:
British chemists (all job changes) 112
8 2 Percentage earnings changes by reason for change:
Australian scientists (all job changes) 113
8 3 The ratio of external and internal job changes and
experience 114
8 4 Direction of change in responsibility 115
8 5 Distribution of percentage earnings changes
resulting from responsibility change 116
8 6 Managerial and administrative work and earnings
changes 118
XI
xii Tables
8 7 Regression analysis of current earnings on job
mobility 121
11 1 Time profiles of income and taxation 169
11 2 Preferred profiles of income and taxation 173
11 3 A tax-progressivity trade-off 177
12 1 Tax-exempt categories 185
12 2 Estimates of r(q) = al{q + 6)p for alternative
structures 186
12 3 Consumption tax structures (annual expenditure) 186
12 4 Income tax rates and thresholds: Australia 1984-85 187
12 5 Eliminating the top rate of income tax 191
12 6 A revised tax structure 193
12 7 Inequality of net income for revised tax structure 194
14 1 Values of Q, p and t for alternative parameter
values: majority choice and zero state funding
(6 = 1 00;r = 0 6) 222
14 2 Values of o, p and t for alternative parameter
values: majority choice and zero state funding
(5 = 1 25;r = 0 6) 223
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| illustrated | Illustrated |
| indexdate | 2024-07-09T16:51:15Z |
| institution | BVB |
| isbn | 1852786094 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-004317698 |
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| physical | XXI, 240 S. graph. Darst. |
| publishDate | 1992 |
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| publisher | Elgar |
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| spelling | Creedy, John 1949- Verfasser (DE-588)124007902 aut Income, inequality and the life cycle John Creedy Aldershot u.a. Elgar 1992 XXI, 240 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Econometrie gtt Impôt sur le revenu - Modèles mathématiques Impôt sur le revenu - Modèles économétriques ram Inkomensverdeling gtt Revenu - Répartition - Modèles économétriques Revenu - Répartition - Modèles économétriques ram Salaires - Scientifiques - Modèles économétriques Ökonometrisches Modell Income distribution Econometric models Income tax Econometric models Scientists Salaries, etc. Econometric models Personelle Einkommensverteilung (DE-588)4115536-1 gnd rswk-swf Lebenseinkommen (DE-588)4167014-0 gnd rswk-swf Einkommensteuer (DE-588)4013895-1 gnd rswk-swf Wirtschaftsmodell (DE-588)4079348-5 gnd rswk-swf Ökonometrisches Modell (DE-588)4043212-9 gnd rswk-swf Einkommensverteilung (DE-588)4013898-7 gnd rswk-swf Einkommensverteilung (DE-588)4013898-7 s Einkommensteuer (DE-588)4013895-1 s Ökonometrisches Modell (DE-588)4043212-9 s DE-604 Wirtschaftsmodell (DE-588)4079348-5 s Personelle Einkommensverteilung (DE-588)4115536-1 s Lebenseinkommen (DE-588)4167014-0 s HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004317698&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Creedy, John 1949- Income, inequality and the life cycle Econometrie gtt Impôt sur le revenu - Modèles mathématiques Impôt sur le revenu - Modèles économétriques ram Inkomensverdeling gtt Revenu - Répartition - Modèles économétriques Revenu - Répartition - Modèles économétriques ram Salaires - Scientifiques - Modèles économétriques Ökonometrisches Modell Income distribution Econometric models Income tax Econometric models Scientists Salaries, etc. Econometric models Personelle Einkommensverteilung (DE-588)4115536-1 gnd Lebenseinkommen (DE-588)4167014-0 gnd Einkommensteuer (DE-588)4013895-1 gnd Wirtschaftsmodell (DE-588)4079348-5 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd Einkommensverteilung (DE-588)4013898-7 gnd |
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| title | Income, inequality and the life cycle |
| title_auth | Income, inequality and the life cycle |
| title_exact_search | Income, inequality and the life cycle |
| title_full | Income, inequality and the life cycle John Creedy |
| title_fullStr | Income, inequality and the life cycle John Creedy |
| title_full_unstemmed | Income, inequality and the life cycle John Creedy |
| title_short | Income, inequality and the life cycle |
| title_sort | income inequality and the life cycle |
| topic | Econometrie gtt Impôt sur le revenu - Modèles mathématiques Impôt sur le revenu - Modèles économétriques ram Inkomensverdeling gtt Revenu - Répartition - Modèles économétriques Revenu - Répartition - Modèles économétriques ram Salaires - Scientifiques - Modèles économétriques Ökonometrisches Modell Income distribution Econometric models Income tax Econometric models Scientists Salaries, etc. Econometric models Personelle Einkommensverteilung (DE-588)4115536-1 gnd Lebenseinkommen (DE-588)4167014-0 gnd Einkommensteuer (DE-588)4013895-1 gnd Wirtschaftsmodell (DE-588)4079348-5 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd Einkommensverteilung (DE-588)4013898-7 gnd |
| topic_facet | Econometrie Impôt sur le revenu - Modèles mathématiques Impôt sur le revenu - Modèles économétriques Inkomensverdeling Revenu - Répartition - Modèles économétriques Salaires - Scientifiques - Modèles économétriques Ökonometrisches Modell Income distribution Econometric models Income tax Econometric models Scientists Salaries, etc. Econometric models Personelle Einkommensverteilung Lebenseinkommen Einkommensteuer Wirtschaftsmodell Einkommensverteilung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004317698&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT creedyjohn incomeinequalityandthelifecycle |