References of "Pestieau, Pierre"
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See detailMyopia, regrets, and risky behaviors
Pestieau, Pierre ULg; Pontiere, Gregory

in International Tax and Public Finance (2012), 19

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See detailCharities and the political support for estate taxation
Pestieau, Pierre ULg; Casamatta, Georges; Cremer, Helmuth

in Economics Letters (2012), 115

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See detailTaxing Sin Goods and Subsidizing Health Care
Pestieau, Pierre ULg; Cremer, Helmuth; De Donder, Philippe et al

in Scandinavian Journal of Economics (2012), 114(1), 101-123

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See detailHow powerful is demography? The Serendipity Theorem revisited
Pestieau, Pierre ULg; de la Croix, David; Ponthiere, Gregory

in Journal of Population Economics (2012), 25

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See detailL'État-providence en Europe. Performance et dumping social
Lefebvre, Mathieu ULg; Pestieau, Pierre ULg

Book published by Editions rue d'Ulm (2012)

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See detailThe public economics of increasing longevity
Pestieau, Pierre ULg; Ponthiere, Grégory ULg

in Hacienda Pública Española / Revista de Economía Pública (2012), 200(1/2012), 35-68

One of the greatest success stories in our societies is that people are living longer, life expectancy at birth being now above 80 years. Whereas the lengthening of life opens huge opportunities for ... [more ▼]

One of the greatest success stories in our societies is that people are living longer, life expectancy at birth being now above 80 years. Whereas the lengthening of life opens huge opportunities for individuals if extra years are spent in prosperity and good health, it is however often regarded as a source of problems for policy-makers. The goal of this paper is to examine the key policy challenges raised by increasing longevity. For that purpose, we first pay attention to the representation of individual preferences, and to the normative foundations of the economy, and, then, we consider the challenges raised for the design of the social security system, pension policies, preventive health policies, the provision of long term care, as well as for long-run economic growth. [less ▲]

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See detailCharities and the political support for estate taxation
Pestieau, Pierre ULg; Casamatta, G., Cremer, H.

in Economics Letters (2011)

We explain why wealthy people often favor estate taxation, while wealthless people oppose it. Wealthy people devote part of their estate to charities. Estate taxation with tax breaks for charities ... [more ▼]

We explain why wealthy people often favor estate taxation, while wealthless people oppose it. Wealthy people devote part of their estate to charities. Estate taxation with tax breaks for charities increases contributions to an otherwise underprovided public good. [less ▲]

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See detailMeasuring poverty without the mortality paradox
Lefebvre, Mathieu ULg; Pestieau, Pierre ULg; Ponthiere, Grégory ULg

E-print/Working paper (2011)

Under income-differentiated mortality, poverty measures reflect not only the "true" poverty, but, also, the interferences or noise caused by the survival process at work. Such interferences lead to the ... [more ▼]

Under income-differentiated mortality, poverty measures reflect not only the "true" poverty, but, also, the interferences or noise caused by the survival process at work. Such interferences lead to the Mortality Paradox: the worse the survival conditions of the poor are, the lower the measured poverty is. We examine several solutions to avoid that paradox. We identify conditions under which the extension, by means of a fictitious income, of lifetime income profiles of the prematurely dead neutralizes the noise due to differential mortality. Then, to account not only for the "missing" poor, but, also, for the "hidden" poverty (premature death), we use, as a fictitious income, the welfare-neutral income, making indifferent between life continuation and death. The robustness of poverty measures to the extension technique is illustrated with regional Belgian data. [less ▲]

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See detailLa performance de l’Etat-providence européen. Quel enseignement pour la Belgique?
Lefebvre, Mathieu ULg; Perelman, Sergio ULg; Pestieau, Pierre ULg

in Regards Economiques (2011), 93

Dans ce numéro de Regards économiques, nous présentons une mesure multidimensionnelle de la performance des Etats- providence de l’Union européenne. Cette mesure permet de comparer la performance des pays ... [more ▼]

Dans ce numéro de Regards économiques, nous présentons une mesure multidimensionnelle de la performance des Etats- providence de l’Union européenne. Cette mesure permet de comparer la performance des pays de l’Europe des 15 avec celle des 12 nouveaux membres; elle donne aussi la possibilité de tester l’hypothèse d’un éventuel dumping social; enfin elle peut être utilisée pour mieux appréhender la performance de la protection sociale de la Belgique et de ses composantes régionales. [less ▲]

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See detailPauvreté et mortalité différentielle chez les personnes âgées
Lefebvre, Mathieu ULg; Pestieau, Pierre ULg; ponthiere, gregory

E-print/Working paper (2011)

Cette note a pour objectif d’illustrer, dans le cas de la Belgique et de ses régions, un problème particulier posé par la mesure de la pauvreté. Etant donné que la mortalité varie selon le niveau de ... [more ▼]

Cette note a pour objectif d’illustrer, dans le cas de la Belgique et de ses régions, un problème particulier posé par la mesure de la pauvreté. Etant donné que la mortalité varie selon le niveau de revenu – les personnes aux revenus plus élevés vivant plus longtemps, en moyenne, que les personnes aux revenus plus faibles – les taux de pauvreté calculés pour les classes âgées dépendent non seulement de ce que l’on pourrait appeler la vraie pauvreté, mais aussi de la sélection induite par la mortalité différentielle selon le revenu. En calculant les taux de pauvreté que l’on observerait si des personnes avec différents niveaux de revenus avaient toutes la même espérance de vie, on peut ainsi estimer la vraie pauvreté, en neutralisant les interférences dues à la mortalité différentielle. Cet ajustement des mesures de pauvreté est particulièrement intéressant pour la Belgique, où les écarts de longévité entre Flamands et Francophones et entre riches et moins riches sont importants. [less ▲]

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See detailTravailler moins pour travailler plus longtemps
Cremer, Helmuth; Dedonder, Philippe; Maldonado, Dario et al

in Annales d’Economie et de Statistique = Annals of Economics and Statistics (2011), 2(101/102), 257-270

Nous développons un modèle dans lequel les travailleurs peuvent avoir tendance à trop travailler quand ils sont jeunes, parce qu’ils ne peuvent ou ne veulent pas voir les conséquences que cela peut avoir ... [more ▼]

Nous développons un modèle dans lequel les travailleurs peuvent avoir tendance à trop travailler quand ils sont jeunes, parce qu’ils ne peuvent ou ne veulent pas voir les conséquences que cela peut avoir sur leur santé et sur leur capacité à travailler longtemps. Pour les obliger à mieux répartir leurs efforts sur leur cycle de vie, une taxe sur les revenus du travail en début de vie et une subvention de l’épargne sont souhaitables. Si la subvention de l’épargne n’est pas disponible, la taxe optimale arbitre entre quatre considérations différentes. Nous étudions également la taxe optimale quand les individus diffèrent en productivité. [less ▲]

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See detailOptimal linear taxation under endogenous longevity
Pestieau, Pierre ULg; Leroux, ML; Ponthiere, Gregory

in Journal of Population Economics (2011), 24

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See detailVoting on pensions: Sex and marriage
Pestieau, Pierre ULg; Leroux, Marie Louise; Racionero, Maria del Mar

in European Journal of Political Economy (2011), 27(1), 281-296

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See detailThe impact of a minimum pension on old age poverty and its budgetary cost. Evidence from Latin Am
Pestieau, Pierre ULg; Dethier, Jean Jacques; Ali, Rabia

in Revista de Economıa del Rosario (2011), 14(2), 135-163

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See detailUnequal wages for equal utilities
Cremer, Helmuth; Pestieau, Pierre ULg; Racionero, Maria

in International Tax and Public Finance (2011), 18

When educational policy is supplemented by a redistributive income tax, and when individuals differ in their ability to benefit from education, the optimal policy is typically rather regressive. Resources ... [more ▼]

When educational policy is supplemented by a redistributive income tax, and when individuals differ in their ability to benefit from education, the optimal policy is typically rather regressive. Resources are concentrated on the most able individuals in order to get a “cake” as big as possible to share among individuals through income taxation. In this paper, we put forward another reason to push for regressive education. It is not linked to heterogeneity in innate ability but to the property that welfare may be a convex function of an individual’s wage. For simplicity, we assume a linear education technology and a given education budget. To give the equal wage outcome the best chance to emerge, we also assume that individuals have identical learning abilities. Nevertheless, it turns out that in the first-best wage inequality is always preferable to wage equality. Even more surprisingly, this conclusion remains valid in the second-best when the feasible degree of wage differentiation is sufficiently large. This is in spite of the fact that wage equalization would eliminate any need for distortionary income taxation. [less ▲]

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See detailThe impact of a minimum pension on old age poverty and its budgetary cost. Evidence from Latin America
Pestieau, Pierre ULg; Dethier, Jean-Jacques; Rabia, Ali

in Revista de Economía del Rosario (2011), 14(2), 37-65

This paper examines the impact on old age poverty and the fiscal cost of universal minimum old age pensions in Latin America using recent household survey data for 18 countries. Alleviating old age ... [more ▼]

This paper examines the impact on old age poverty and the fiscal cost of universal minimum old age pensions in Latin America using recent household survey data for 18 countries. Alleviating old age poverty requires different approach from other age groups and a minimum pension is likely to be the only alternative available. First we measure old age poverty rates for all countries. Second we discuss the design of minimum pensions schemes, means-tested or not, as well as the disincentive effects that they are expected to have on the economic and social behavior of households including labor supply, saving and family solidarity. Third we use the household surveys to simulate the fiscal cost and the impact on poverty rates of alternative minimum pensionschemes in the 18 countries. We show that a universal minimum pension would substantially reduce poverty among the elderly except in Argentina, Brazil, Chile and Uruguay where minimum pension systems already exist and poverty rates are low. Such schemes have much to be commended in terms of incentives, spillover effects and administrative simplicity but have a high fiscal cost. The latter is a function of the age at which benefits are awarded, the prevailing longevity, the generosity of benefits, the efficacy ofmeans testing, and naturally the fiscal capacity of the country. [less ▲]

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See detailFertility, human capital accumulation, and the pension system
Pestieau, Pierre ULg

in Journal of Public Economics (2011), 95

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See detailMyopia, redistribution and pensions
Pestieau, Pierre ULg; Cremer, H.

in European Economic Review (2011), 55

This paper reviews a number of recent contributions that study pension design with myopic individuals. Its objective is to explore how the presence of more or less myopic individuals affects pension ... [more ▼]

This paper reviews a number of recent contributions that study pension design with myopic individuals. Its objective is to explore how the presence of more or less myopic individuals affects pension design when individuals differ also in productivity. This double heterogeneity gives rise to an interesting interplay between paternalistic and redistributive considerations, which is at the heart of most of the results that are presented. The main part of the paper is devoted to the issue of pension design when myopic individual do not save ‘‘enough’’ for their retirement because their ‘‘myopicself’’ (with a high discount rate) emerges when labor supply and savings decisions are made. Some extensions and variations are considered in the second part. In particular we deal with situations where labor disutility or preferences for consumption are subject to ‘‘habit formation’’and where sin goods have a detrimental effect on second period health. Myopic individuals tend to underestimate the effects of both habit formation and sinful consumption, which complicates public policy. [less ▲]

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See detailIncome taxation of couples and the tax unit choice
Pestieau, Pierre ULg; Cremer, H., Lozachmeur, J-M.

in Journal of Population Economics (2011)

We study the optimal income taxation of couples. We determine the resulting intra-family labor supply allocation and its implication for the choice of the tax unit (individual versus joint taxation). We ... [more ▼]

We study the optimal income taxation of couples. We determine the resulting intra-family labor supply allocation and its implication for the choice of the tax unit (individual versus joint taxation). We provide a general condition for full joint taxation to arise. We also study how the spouses’ respective labor supply decisions are distorted when the condition does not hold. In particular, we show that, depending on the pattern of mating, the celebrated result according to which the spouse with the more elastic labor supply faces the lower marginal tax rates may or may not hold in our setting. [less ▲]

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See detailStochastic Fertility, Moral Hazard, and the Design of Pay-As-You-Go Pension Plans
Pestieau, Pierre ULg; Cremer, H., Gahvari, F.

in CESifo Economic Studies (2011), 57(2), 332348

This article models a two-period overlapping generations economy in the steady state where the realization of the quantity/quality number of children depends on an initial investment in children and on a ... [more ▼]

This article models a two-period overlapping generations economy in the steady state where the realization of the quantity/quality number of children depends on an initial investment in children and on a random shock. It shows that the implementation of the first-best allocation, in which the effort level is publicly observable, requires a subsidy on the investment in children. There should also be full insurance with respect to second-period consumption and pensions must be invariant to the number of children. On the other hand, when investment is unobservable and one cannot subsidize it, the full insurance property goes away. In this case, pensions must be linked positively to the number of children. [less ▲]

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