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 …

In this paper we build a model of trade in vertically differentiated products and find that income inequality can … inequality on the demand for imports is then assessed by examining panel data for 36 developing and developed countries for the … 1980-1997 period. We find significant evidence supporting our prediction that inequality has a large influence on the …

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 …

income inequality in the 1990s. In this paper I investigate the causes of unprecedented changes in income distribution using … a unique panel of inequality estimates for 24 transitional countries for the period 1989-1998. The fixed effects model …-sectional studies. The relationship between income inequality, measured by Gini coefficient, and per capita GDP is shown to be positive …