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Issues in the Measurement and Interpretation of Saving and Wealth

Boskin, Michael J. - 1988

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

A New Framework for the Analysis of Inequality

Cunha, Flavio - 2006

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

Measuring the Unequal Gains from Trade

Fajgelbaum, Pablo D. - 2014

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

Intrahousehold Inequality

Chiappori, Pierre-André - 2014

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

Why Measure Inequality?

Kaplow, Louis - 2002

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

Redistribution through Education and Other Transfer Mechanisms

Hanushek, Eric - 2001

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 : With Applications to Horizontal Equity and Social Mobility

King, Mervyn A. - 1980

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

Piketty's Book and Macro Models of Wealth Inequality

De Nardi, Mariacristina - 2015

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

The Dynamics of Inequality

Gabaix, Xavier - 2015

The past forty years have seen a rapid rise in top income inequality in the United States. While there is a large number of existing theories of the Pareto tails of the income and wealth distributions at a given point in time, almost none of these address the fast rise in top inequality observed...

Persistent link: https://www.econbiz.de/10012457305

New Theoretical Perspectives on the Distribution of Income and Wealth among Individuals : Part IV

Stiglitz, Joseph E. - 2015

A significant amount of the increase in the wealth income ratio in recent decades is due to an increase in the value of land. We present a series of models that explain why land prices may have increased. These models help us understand the increase in both the wealth income ratio and wealth...

Persistent link: https://www.econbiz.de/10012457475