References of "Pestieau, Pierre"
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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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See detailThe Tax Treatment of Intergenerational Wealth Transfers
Pestieau, Pierre ULg; Cremer, H.

in CESifo Economic Studies (2011)

This article surveys the theoretical literature on wealth transfer taxation. The focus is normative: we are looking at the design of an optimal tax structure from the standpoint of both equity and ... [more ▼]

This article surveys the theoretical literature on wealth transfer taxation. The focus is normative: we are looking at the design of an optimal tax structure from the standpoint of both equity and efficiency. The gist of this survey is that the optimal design crucially depends on the assumed bequest motives. Alternative bequest motives are thus analyzed either in isolation or combined. [less ▲]

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

in Reflets et Perspectives de la Vie Economique (2011), L(4), 45-54

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 detailHealth insurance coverage and adverse selection
Lambert, Philippe ULg; Perelman, Sergio ULg; Pestieau, Pierre ULg et al

in Börsch-Supan, Axel; Brandt, Martina; Hank, Karsten (Eds.) et al The Individual and the Welfare State: Life Histories in Europe (2011)

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See detailTax Evasion, Welfare Fraud, and "The Broken Windows" Effect: An Experiment in Belgium, France and the Netherlands
Lefebvre, Mathieu ULg; Pestieau, Pierre ULg; Riedl, Arno et al

E-print/Working paper (2011)

In a series of experiments conducted in Belgium (Wallonia and Flanders), France and the Netherlands, we compare behavior regarding tax evasion and welfare dodging, with and without information about ... [more ▼]

In a series of experiments conducted in Belgium (Wallonia and Flanders), France and the Netherlands, we compare behavior regarding tax evasion and welfare dodging, with and without information about others’ behavior. Subjects have to decide between a ‘registered’ income, the realization of which will be known to the tax authority for sure, and an ‘unregistered’ income that will only be known with some probability. This unregistered income comes from self-employment in the Tax treatment and from black labor supplementing some unemployment compensation in the Welfare treatment. Subjects have then to decide on whether reporting their income or not, knowing the risk of detection. The results show that (i) individuals evade more in the Welfare treatment than in the Tax treatment; (ii) many subjects choose an option that allows for tax evasion or welfare fraud but report their income honestly anyway; (iii) examples of low compliance tend to increase tax evasion while examples of high compliance exert no influence; (iv) tax evasion is more frequent in France and the Netherlands; Walloons evade taxes less than the Flemish. There is no cross-country difference in welfare dodging. [less ▲]

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See detailOn the Convergence of Social Protection Performance in the European Union
Lefebvre, Mathieu ULg; Coelli, Tim; Pestieau, Pierre ULg

in CESifo Economic Studies (2010), 56(2), 300-322

In this article, we use data on five social inclusion indicators (poverty, inequality, unemployment, <br />education and health) to assess and compare the performance of 15 European <br />welfare states ... [more ▼]

In this article, we use data on five social inclusion indicators (poverty, inequality, unemployment, <br />education and health) to assess and compare the performance of 15 European <br />welfare states (EU15) over a 12-year period from 1995 to 2006. Aggregate measures of <br />performance are obtained using index number methods similar to those employed in the <br />construction of the widely used Human Development Index. These are compared with <br />alternative measures derived from data envelopment analysis methods. The influence of <br />methodology choice and the assumptions made in scaling indicators upon the results <br />obtained is illustrated and discussed. We then analyse the evolution of performance <br />over time, finding evidence of some convergence in performance and no sign of social <br />dumping. [less ▲]

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See detailThe effects of early retirement on youth unemployment: the case of Belgium
Jousten, Alain ULg; Lefebvre, Mathieu ULg; Pestieau, Pierre ULg et al

in Gruber, Jonathan; Wise, David (Eds.) Social Security Programs and Retirement around the World: The Relationship to Youth Employment (2010)

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See detailCollective Annuities and Redistribution
Cremer, Helmuth; Lozachmeur, Jean-Marie; Pestieau, Pierre ULg

in Journal of Public Economic Theory (2010), (12), 23-41

This paper studies the role of alternative pension systems that offer collective annuities. The defining characteristic of collective annuities is that they do not depend on an individual’s survival ... [more ▼]

This paper studies the role of alternative pension systems that offer collective annuities. The defining characteristic of collective annuities is that they do not depend on an individual’s survival probabilities. We show that such a system may be welfare improving (with a utilitarian social welfare function) even when private annuity markets are perfect and when life expectancy and earning abilities are positively correlated (i.e., in a setting that is a priori biased against collective annuities). We first concentrate on linear pension systems and contrast two schemes: a pure contributory (Bismarckian) pension and a flat rate (Beveridgean) pension. We show that the case for collective annuities is stronger when they are associated with a flat pension system. Then we analyze nonlinear pension schemes.We show that the solution can be implemented by a pension scheme associated with annuities that reflect some degree of “collectiveness.” Unlike under pure collective annuities, benefits do depend on life expectancy but to a lesser degree than with actuarially fair private annuities. In other words, the impact of survival probabilities is mitigated rather than completely neutralized. [less ▲]

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See detailLongevity and annuities: an introduction
Cremer, Helmuth; Pestieau, Pierre ULg

in Journal of Public Economic Theory (2010), (12), 1-5

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See detailMyopia, redistribution and pensions
Pestieau, Pierre ULg

Scientific conference (2009, December 18)

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See detailSocial and private LTC insurance with variable altruism
Pestieau, Pierre ULg

Scientific conference (2009, November 06)

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See detailUnequal wages for equal utilities
Pestieau, Pierre ULg

Scientific conference (2009, October 09)

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See detailUnequal wages for equal utilities
Pestieau, Pierre ULg

Scientific conference (2009, October 08)

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See detailSocial and private LTC insurance with variable altruism
Pestieau, Pierre ULg

Scientific conference (2009, September 17)

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See detailWealth Taxation: a survey
Pestieau, Pierre ULg

Conference (2009, September 09)

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See detailMyopia, redistribution and pensions
Pestieau, Pierre ULg

Scientific conference (2009, June 18)

Detailed reference viewed: 4 (1 ULg)