Private asset income in France: Is there a breakdown of intergenerational equity between 1979 and 2011?

Hippolyte d'Albis, Ikpidi Badji, Najat El Mekkaoui () and Julien Navaux ()
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Najat El Mekkaoui: Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres, LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
Julien Navaux: University of Ottawa [Ottawa]

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Abstract: We use the National Transfer Accounts methodology to calculate private asset income by age for the years 1979–2011. We analyze age profiles using three indicators of intergenerational equity. Monetary asset income shows no evidence of generational breaks to the benefit of the baby‐boom generation. On the contrary, baby‐boomers suffered from the high interest rates that they paid to become homeowners. Imputed rents show an obvious breakdown of intergenerational equity when we use an inter‐age and intergenerational indicator. This indicator compares the per capita asset income at a given age with the average asset income of people aged 18‐85. It gives the relative situation of one age group compared to its contemporaries and it also gives the relative situation of one generation when we compare birth cohorts over time. We find that the cohort born in 1950 benefited from a better position than their successors. Moreover, the cohorts born before the war and during the war appear to be even more favored than the baby‐boomers. The cohorts born in 1930 and in 1940 have a better situation than the previous generations and a better position than the following generations.

Keywords: National Transfer Accounts; Private Asset Income; Intergenerational Equity (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-age, nep-eur and nep-his
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03019470v1
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Published in The Journal of the Economics of Ageing, 2020, 17, pp.100137. ⟨10.1016/j.jeoa.2017.11.002⟩

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Journal Article: Private asset income in France: Is there a breakdown of intergenerational equity between 1979 and 2011? (2020)
Working Paper: Private asset income in France: Is there a breakdown of intergenerational equity between 1979 and 2011? (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-03019470

DOI: 10.1016/j.jeoa.2017.11.002

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