Showing 1 - 10 of 28
This paper explores the link between polarization and inequality and proposes some analytical methods to decompose the … even if inequality has increased sharply during the last two decades, the pure polarization component was remained constant …
Persistent link: https://www.econbiz.de/10005015267
In most welfare analyses, especially in the literature on normative inequality measurement, it is a commonplace to …
Persistent link: https://www.econbiz.de/10009643107
This paper studies the pro-poor growth in the Latino American Andean countries. We first present different definitions of pro-poorness and the related methods in order to generate the statistically robust results for classes of pro-poor measures. Also, we present the non anonymous pro-poor...
Persistent link: https://www.econbiz.de/10010551394
We propose a DSGE model with income heterogeneity to help discriminate across competing explanations of the cross-sectional divergence in debt-to-income ratios in US data. We show that for a DSGE model to be consistent with the data, the divergence in income growth should not be anticipated and...
Persistent link: https://www.econbiz.de/10010752084
The paper investigates how comparisons of multivariate inequality can be made robust to varying the intensity of focus … on the share of the population that are more relatively deprived. It follows the dominance approach to making inequality … multidimensional inequality “frontier”, we are able to reconcile the literature on multivariate relative poverty and multivariate …
Persistent link: https://www.econbiz.de/10008630017
Income variablity reduces social welfare if individuals are risk averse, and it is likely to increase inequality if … poorer households are more vulnerable to shocks. Using a simple method to estimate risk-adjusted measures of inequality and … inequality than on welfare. This is because apart from its impact on inequality, risk reduces the certainty equivalent income of …
Persistent link: https://www.econbiz.de/10005770810
ethically flexible tools that integrate these two strands. This is achieved using a measure of inequality that merges the well … transfers into a vertical equity effect and a loss of redistribution due to either classical HI or reranking. An inequality …-change approach and a money-metric cost-of-inequality approach are developed. The latter approach makes aggregate classical HI …
Persistent link: https://www.econbiz.de/10005795984
This paper develops the link between poverty and inequality by focussing on a class of poverty indices (some of them …
Persistent link: https://www.econbiz.de/10005795996
and inequality. We show how, when the range of possible poverty lines is unbounded above, a robust ranking of absolute … as a robust ranking of inequality for any order of stochastic dominance. This interpretation is also valid when the … maximum poverty line is bounded and for certain orders of stochastic dominance, so long as social welfare and inequality …
Persistent link: https://www.econbiz.de/10005796002
In this note we develop a simple heterogeneous-agent model with incomplete markets to explain the prevalence of a large, low-productivity, informal sector in developing countries. In our models, taxes levied on formal sector agents are used to finance the provision of a productive public...
Persistent link: https://www.econbiz.de/10005796016