When the prices of goods that form a relatively large proportion of the total expenditure of low income households rise in relation to all other goods, the inequality of the real income distribution increases. This paper models the effect on inequality and welfare if, ceteris paribus, Australian...

This paper draws on the work of DiNardo, Fortin and Lemieux (1996) and presents a new method for examining the distribution of the benefits of growth in developing countries. The method allows one to present decompositions in the form of cumulative distribution functions, Lorenz curves and...

This paper analyzes the quality of life over time in the U.S. In this paper we propose a statistical cluster analysis method based on an informationbased measure. This method is then employed to cluster diverse attributes of the quality of life. Aggregate annual measures of welfare are computed...

In this paper we present new estimates of the degree of welfare loss in Australian manufacturing for the period 1982/3 - 1984/5.

In this paper a model is developed which determines the socially optimal level of saving for a small open economy. The model also determines the socially optimal disposition of saving between domestic capital accumulation and overseas asset accumulation.