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Charting Income Inequality: The Lorenz Curve
Bellù, Lorenzo G.; Liberati, Paolo - Volkswirtschaftliche Fakultät, … - 2005
This paper explains how to build Lorenz Curves for income distributions and discusses their use for inequality measurement. A short conceptual background, a step-by-step procedure and a simple numerical example illustrate how to calculate and draw Lorenz Curves. A discussion on the use of Lorenz...
Persistent link: https://www.econbiz.de/10008919738
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Social Welfare Analysis of Income Distributions: Ranking Income Distributions with Lorenz Curves
Bellù, Lorenzo Giovanni; Liberati, Paolo - Volkswirtschaftliche Fakultät, … - 2005
This paper illustrates how Lorenz Curves can be used to identify the best income distribution on social welfare grounds, within a set of alternative income distributions generated by different policy options. After highlighting some drawbacks of using specific functional forms of the Social...
Persistent link: https://www.econbiz.de/10009004151
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Social Welfare Analysis of Income Distributions: Ranking Income Distributions with Generalised Lorenz Curves
Bellù, Lorenzo Giovanni; Liberati, Paolo - Volkswirtschaftliche Fakultät, … - 2005
This module illustrates how Generalised Lorenz (GL) Curves can be used to identify the best income distribution on social welfare grounds, within a set of alternative income distributions generated by different policy options, in many of the cases where ordinary Lorenz curves fail to work After...
Persistent link: https://www.econbiz.de/10011257958
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Inequality and happiness: When perceived social mobility and economic reality do not match
Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2010
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the perceived and the actual fairness of the income generation process affects this association. Building on a simple model of individual labor-market participation under...
Persistent link: https://www.econbiz.de/10008683292
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Inequality and happiness: When perceived social mobility and economic reality do not match.
Bjornskov, Christian; Dreher, Axel; Fischer, Justina A.V.; … - Volkswirtschaftliche Fakultät, … - 2013
We argue that perceived fairness of the income generation process affects the association between income inequality and subjective well-being, and that there are systematic differences in this regard between countries that are characterized by a high or, respectively, low level of actual...
Persistent link: https://www.econbiz.de/10011112607
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On the relation between income inequality and happiness: Do fairness perceptions matter?
Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2009
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10008557077
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On the relation between income inequality and happiness: Do fairness perceptions matter?
Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2009
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10008557081
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Construction of poverty map for the HCM city in Vietnam using the 2004 VHLSS and the 2004 HCM Mid-Census
Nguyen Viet, Cuong; Van der Weide, Roy; Le, Hai; Tran, … - Volkswirtschaftliche Fakultät, … - 2007
The research estimates the poverty rate for the districts in the Ho Chi Minh city in Vietnam using a method of small … city. It is found that poverty estimates are much higher in suburb districts which have a large proportion of rural area …. However, the poverty density is smaller in the poorest districts and higher in the richest districts, since the population …
Persistent link: https://www.econbiz.de/10008685149
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The Cost of Living Index for Poor Households: The Case of Vietnam
Nguyen Viet, Cuong - Volkswirtschaftliche Fakultät, … - 2002
The paper aims to estimate the Fisher index during the period 1994-1997 to explore how well the Laspeyres index can serve as the cost of living index. It is shown that the Laspeyres results in an upward substitution bias, and the bias appears to be higher for the ultra-poor and the poor. It...
Persistent link: https://www.econbiz.de/10008685154
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Subjective well-being approach to the valuation of income inequality
Beja, Edsel Jr. - Volkswirtschaftliche Fakultät, … - 2011
The subjective well-being approach to valuation is applied to the valuation of income inequality. Results show that objective inequality is a bad in the industrialized economies but a good in the emerging economies. Too much objective inequality is a bad in both areas. Results also show that...
Persistent link: https://www.econbiz.de/10009325580