This paper examines the measurement of social welfare, poverty and inequality taking into account reference …-dependence, loss aversion and diminishing sensitivity—aspects emphasized in Prospect Theory—to social welfare measurement. We suggest a … differences between standard poverty and inequality measures based on observed income and measures that are calculated based on …

, and excluding these households from poverty and inequality analyses would lead to biased results. Hence, sequential … poverty and inequality trends across the three surveys. Finally, income welfare and non-income welfare were compared by …

unimodal one, the evolution of the health distribution has preceded that of income, global inequality and poverty has decreased … indicates that global inequality would be underestimated if within-country inequality is not taken into account. Moreover …, global inequality and poverty would be substantially underestimated if the dependence between the income and health …

Our goal is to examine the income inequality and welfare effects of the direct distribution of resource rents and … rents-induced inequality. …

inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U …

relationship between poverty, inequality and growth. The paper also investigates patterns of and trends in poverty and income … redistribution. Wage inequality, deeply rooted in South Africa’s history, plays a central role in overall income distribution, and … distribution. The paper therefore concludes that reducing inequality substantially is currently unlikely without a massive increase …

picture about changes in income distribution. In particular, widening inequality within the black population has received much … attention. Rises in black unemployment and in black wages have had inequality-inducing effects on black incomes. Is … inequality shifting from inter-group to intra-group inequality (from between group to within group inequality)? This paper pieces …