我国未来老年贫困的风险分析

未来老年人指在1975年以前出生的人群。伴随社会经济发展,未来老年人的收入来源多元化,经济和心理自立能力不断增强。但是,未来老年人中相当一部分人目前处于贫困或贫困的边缘,这种状况一方面会通过非正式支持对上下两代贫困风险产生影响,另一方面会影响到他们的老年期,表现出老年期资源累积不足的倾向。因此,延续性贫困可能是未来老年贫困的一大原因。     

Intergenerational income mobility and inequality in South Korea

Using data from the Korean Labor and Income Panel Study (KLIPS), recent trends in intergenerational income mobility were explored, examining the relationship between income mobility and income inequality in South Korea. The study found that the intergenerational elasticity of income is about 0.2 and there is no clear‐cut trend in intergenerational income mobility. In addition, this study showed that there is no systematic relation between rising income inequality and intergenerational income mobility in contemporary Korea. Overall, the results indicate that intergenerational income mobility is irresponsive to the income inequality the respondents experienced growing up. It is assumed that education and welfare transfer programs might offset the consequences of income inequality by leading to upward mobility for children from low‐income households.     

Incomes after Job‐loss in the United States: From Programme Rules to Panel Data

Welfare state studies are usually motivated by one or both of two concerns: programme effects on the incidence of poverty, and the possibility of perverse incentive effects. Most research has been comparative, using cross‐national indicators from the Organisation for Economic Co‐operation and Development and other international organizations. That research often contrasts the generosity of programmes in a number of European countries and the lack of it in the USA. Focusing on income transfers after job‐loss, in this article we critically examine the comparative evidence on US welfare state generosity and then use the Panel Study of Income Dynamics (PSID) to estimate what happens to job‐losers' incomes. The comparative analysis suggests conclusions more nuanced than found in much of the literature. The PSID analysis shows how the income effects of job‐loss vary across job‐losers and suggests that the role of unemployment compensation programmes in supporting incomes may be overstated.     

Theorizing income inequality in the face of financial globalization

Based on an extended post-Keynesian model, we find that the association between the savings rate and income inequality is negative if savers’ funds are borrowed by spending households for consumption but positive if savings are channeled to investing firms for production. A negative association, such as the one that exists in the U.S., hinges on an income illusion created by an asset bubble and cheap credit. Thus, financial globalization leads consumption and income inequality to diverge, and the divergence is more extreme if lower-income groups have higher debt ratios. A positive association, such as the one that exists in China, relates to liquidity constraints faced by consumers such that consumption inequality closely follows income inequality. Our results imply that income inequality must be reduced in both types of countries to increase savings in deficit economies with negative associations and to reduce savings in surplus economies with positive associations.     

Euro area inflation as a predictor of national inflation rates

The stability of inflation differentials is an important condition for the smooth working of a currency area, such as the European Economic and Monetary Union. In the presence of stability, changes in national inflation rates, while holding Euro area inflation fixed contemporaneously, should be only transitory. If this is the case, the rate of inflation of the whole area can also be interpreted as a predictor, at least in the long-run, of the different national inflation rates. However, in this paper we show that this condition is satisfied only for a small number of countries, including France and Italy. Better convergence results for inflation differentials are, instead, found for the USA. Some policy implications are drawn for the Eurozone.     

Fringe benefits and income inequality

In this paper, we analyze the distribution of fringe benefits among workers and underline its implications for income inequality. To this end, we develop a positional approach to inequality based on the concept of rent as a potential link between positions and their rewards. We hypothesize that workers extract rent in the form of benefits in industries with worker leverage (in the form of unioniziation, internal labor market, and public employment) or share rent with firms in highly profitable industries that endure for efficiency wage reasons. On the basis of a unique dataset from Israel, we test these hypotheses by estimating the probabilities of obtaining benefits according to industries’ structural features while controlling for cross-industrial differences in workers’ demographic and human capital characteristics. The analyses reveal that benefits are determined by structural factors, representing a separate dimension of the rewards attached to positions, different from earnings. We further stress the importance of incorporating fringe benefits into inequality research, given that benefits together with earnings stratify workers and evidently signify structured positions in the economy.     

Societal Inequality and individual subjective well-being: Results from 68 societies and over 200,000 individuals, 1981–2008

Income inequality has been contentious for millennia, a source of political conflict for centuries, and is now widely feared as a pernicious “side effect” of economic progress. But equality is only a means to an end and so must be evaluated by its consequences. The fundamental question is: What effect does a country's level of income inequality have on its citizens' quality of life, their subjective well-being? We show that in developing nations inequality is certainly not harmful but probably beneficial, increasing well-being by about 8 points out of 100. This may well be Kuznets's inverted “U”: In the earliest stages of development some are able to move out of the (poorly paying) subsistence economy into the (better paying) modern economy; their higher pay increases their well-being while simultaneously increasing inequality. In advanced nations, income inequality on average neither helps nor harms. Estimates are from random-intercept fixed-effects multi-level models, confirmed by over four dozen sensitivity tests. Data are from the pooled World Values/European Values Surveys, Waves 1 to 5 with 169 representative national samples in 68 nations, 1981 to 2009, and over 200,000 respondents, replicated and extended in the European Quality of Life Surveys.     

The bright side of migration: Hedonic,psychological, and social well-being in immigrants in Spain

The aim of this study was to examine the multi-dimensional structure of well-being in immigrant population, as well as to explore the complexity of well-being disparities between immigrants and host nationals. We analyzed hedonic, psychological, and social well-being in a sample of 1250 immigrants from Bolivia, Colombia, Morocco, Romania and Sub-Saharan Africa, together with that of 500 matched host nationals from Spain. Participants were selected by means of probability sampling with stratification by age and sex. Confirmatory factor analyses revealed that the re-specified tripartite model of well-being, including hedonic, psychological, and social components of the individual’s functioning, was the best fitting model, as compared to alternative models. Importantly, after adjustment for perceived friendship and support, marital status, income, sex and age, immigrants presented higher levels of well-being than host nationals. Compared to host nationals, immigrants reported especially higher eudaimonic well-being: social contribution and actualization, personal growth, self-acceptance, and purpose in life, and lower levels of well-being only in terms of positive relations with others and negative affect. These results are discussed in the context of positive psychology.     

School and Family Connections:

No abstract available for this article.     

Looking for max-semistability: A new test for the extreme value condition

To test the extreme value condition, Cramér-Von Mises type tests were recently proposed by Drees et al. (2006) and Dietrich et al. (2002). Hüsler and Li (2006) presented a simulation study on the behavior of these tests and verified that they are not robust for models in the domain of attraction of a max-semistable distribution function. In this work we develop a test statistic that distinguishes quite well distribution functions which belong to a max-stable domain of attraction from those in a max-semistable one. The limit law is deduced and the results from a numerical simulation study are presented.