No dia 12 de março (quarta-feira), entre as 13h00 e as 14h00, o Anfiteatro 3 do ISEG (Edifício Quelhas, 4º Piso) acolhe mais uma sessão do 2º Semestre dos ISEG Research Seminars.
O seminário terá como speaker o Professor Giacomo Corneo, da Freie Universität Berlin (Universidade Livre de Berlim), que apresentará o paper “Lifetime income inequality and redistribution in Germany“, cujo abstract pode ser consultado mais abaixo.
Os seminários de Research do 2º Semestre decorrerão semanalmente até 4 de junho e contarão com a participação de docentes do ISEG e de outras escolas nacionais e internacionais. Saiba mais AQUI.
Entrada livre.
Abstract
This paper explores actual lifetime income inequality and redistribution over a large number of cohorts in Germany. Starting with the 1935 cohort, we document a secular rise of lifetime income inequality, both pre-fisc and post-fisc. The German tax-transfer system is linearly progressive in lifetime income and exerts a substantial impact on the disposable incomes of the top and bottom decile. Governmental income redistribution mechanically reduces lifetime inequality by one fifth to one fourth; the lion’s share of this reduction is effectuated by the personal income tax. The rise of lifetime inequality in terms of equivalized income has been contained by a reduced propensity of individuals in the bottom quartile to form a family. Differential mortality is sizable but eliminating it would not markedly reduce lifetime income inequality. We develop a theoretically founded money-metric welfare measure that takes the value of greater longevity into account. We find that differential mortality is a major driver of lifetime welfare inequality.