Conventional economic wisdom has long maintained that there is a necessary trade-off between pursuit of the efficiency of a system and any attempts to improve equity between participants within that system. Economist Robert Lucas demonstrated the implications of this common economic axiom when...

Conventional economic wisdom has long maintained that there is a necessary trade-off between pursuit of the efficiency of a system and any attempts to improve equity between participants within that system. Economist Robert Lucas demonstrated the implications of this common economic axiom when...

Herkömmlichen Wirtschaftsweisheiten folgend, ging man lange davon aus, dass es unmöglich ist, ein System gleichzeitig effizienter zu gestalten und auf eine größere Gleichheit der Menschen in diesem System hinzuarbeiten. Der Ökonom Robert Lucas beschrieb die Folgen dieses weitverbreiteten...

The 2014 release of a new set of purchasing power parity conversion factors (PPPs) for 2011 has prompted a revision of the international poverty line. In order to preserve the integrity of the goalposts for international targets such as the Sustainable Development Goals and the World Bank's twin...

A country where an individual's chances of success depend little on the socio-economic success of his or her parents is said to be a country with high relative intergenerational mobility. A government's motivation for seeking to improve mobility is arguably two-fold. There is a fairness argument...

With inequality reduction now being officially and broadly recognised as a key development objective with its own Sustainable Development Goal (SDG 10), there is a need for simple, economical and quick methodologies with which to focus on this area and assess progress. This paper presents such a...

Global narratives underscore that economic growth can often coincide with reductions in poverty and inequality. However, the experiences of several countries over recent decades confirm that inequality can widen or narrow in response to policy choices and independent of economic growth. This...

This paper presents a comparative overview of mobility patterns in 14 Latin American countries between 1992 and 2003. Using three alternative econometric techniques on constructed pseudo-panels, the paper provides a set of estimators for the traditional notion of income mobility as well as for...