Showing 1 - 10 of 349
measurement issues are discussed. Most important are 1) the appropriate level of aggregation across households of different age …
Persistent link: https://www.econbiz.de/10012476439
This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the determinants of sectoral choice and the joint distributions of outcomes across sectors. We determine which components of realized earnings variability are due to uncertainty...
Persistent link: https://www.econbiz.de/10012466145
Individuals that consume different baskets of goods are differentially affected by relative price changes caused by international trade. We develop a methodology to measure the unequal gains from trade across consumers within countries. The approach requires data on aggregate expenditures and...
Persistent link: https://www.econbiz.de/10012458336
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...
Persistent link: https://www.econbiz.de/10012458473
A large body of literature is devoted to the measurement of income inequality, yet little attention is given to the … question, Why measure inequality? However, the reasons for measurement bear importantly on whether and how measurement should … of the sort that are emphasized in the existing measurement literature. Measures of poverty are also considered, and …
Persistent link: https://www.econbiz.de/10012469364
Educational subsidies are frequently justified as a method of altering the income distribution. It is thus natural to compare education to other tax-transfer schemes designed to achieve distributional objectives. While equity-efficiency trade-offs are frequently discussed, they are rarely...
Persistent link: https://www.econbiz.de/10012470128
An index of Inequality is constructed which decomposes into two components, corresponding to vertical and "horizontal" equity respectively. Horizontal equity Is defined in terms of changes in the ordering of a distribution. The proposed index is a function to two inequality aversion parameters....
Persistent link: https://www.econbiz.de/10012478672
This paper attempts to estimate the size and distribution of tax evasion in rich countries. We combine random audits--the key source used to study tax evasion so far--with new micro-data leaked from large offshore financial institutions--HSBC Switzerland ("Swiss leaks") and Mossack Fonseca...
Persistent link: https://www.econbiz.de/10012453939
We recast the Aiyagari-Bewley-Huggett model of income and wealth distribution in continuous time. This workhorse model - as well as heterogeneous agent models more generally - then boils down to a system of partial differential equations, a fact we take advantage of to make two types of...
Persistent link: https://www.econbiz.de/10012453979
Piketty's book, Capital in the Twenty-First Century, discusses several factors affecting wealth inequality: rates of return on capital, output growth rates, tax progressivity, top income shares, and heterogeneity in saving rates and inheritances. This paper studies the role of various forces...
Persistent link: https://www.econbiz.de/10012456940