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Family spending power
Carson, Jamie - EconWPA - 2005
Families with two or more adults have unadjusted incomes above the overall average because they have more potential earners. On the other hand, unattached individuals and lone parents have after-tax income averages just over half the overall average. Adjusting incomes to account for family size...
Persistent link: https://www.econbiz.de/10005134995
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Inequality and Segregation
Sethi, Rajiv; Somanathan, Rohini - EconWPA - 2001
This paper explores the manner in which race and income interact to determine patterns of residential location in metropolitan areas. We use a framework in which individuals care about both the level of affluence and the racial composition of their communities, and in which there are differences...
Persistent link: https://www.econbiz.de/10005135081
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A Dynamic Approach to the Relationship between Inequality, Social Capital and Institutions
Caramuta, Diego - EconWPA - 2005
One of the main objectives of this paper is to show the dynamics that relates inequality, social capital and … of equilibria: one with a low level of social capital and high level of inequality, supported by institutions created … endogenously by the community; and on the other hand, an equilibrium with a high level of social capital, low inequality and …
Persistent link: https://www.econbiz.de/10005407735
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Lucas vs. Lucas: On Inequality and Growth
Cordoba, Juan Carlos; Verdier, Genevieve - EconWPA - 2005
. Moreover, our calculations suggest that US inequality is above its optimal level. …
Persistent link: https://www.econbiz.de/10005412681
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Lobbying, Information Transmission, and Unequal Representation
Lagerlof, Johan; Frisell, Lars - EconWPA - 2004
his reputation for truthtelling, we show that the larger is the inequality, the less information can credibly be … transmitted to the policymaker. We also investigate the effects of inequality on welfare and discuss the welfare effects of …
Persistent link: https://www.econbiz.de/10005413244
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Spatial Price Differences in China: Estimates and Implications
Brandt, Loren; Holz, Carsten - EconWPA - 2005
in explaining such economic outcomes as inequality can lead to misinterpretations. Income should be adjusted for costs of …
Persistent link: https://www.econbiz.de/10005413246
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On the Welfare Gains of Growth and Welfare Costs of Inequality
Cordoba, Juan Carlos; Verdier, Genevieve - EconWPA - 2005
inequality, both within and across countries. We find that the welfare costs of inequality are significantly larger than the …-capita consumption, the costs of within-country and cross-country inequality are equivalent to a permanent reduction in per … positive rate of 2.1%) in exchange for the elimination of all within-country inequality. The gains of economic growth are …
Persistent link: https://www.econbiz.de/10005561141
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Productivity and Undesirable Outputs: A Directional Distance Function Approach
Chung, Yangho; Fare, Rolf - EconWPA - 1995
Undesirable outputs are often produced together with desirable outputs. This joint production of good and bad outputs brings about a difficulty for productivity measurement. Here we introduce a directional distance function and use it as a component in a new productivity index. This index, as an...
Persistent link: https://www.econbiz.de/10005077056
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'Divergent Equilibrium in a Labor-Managed Economy: A Rejoinder,' (1991). Economic Analysis and Workers' Management, Vol. XXV, No. 2, pp.303-5.
Bogetic, Zeljko - EconWPA - 2005
Reply to professor Vanek's comment on Bogetic's paper in the same issue of the Economic Analysis and Workers' Management.
Persistent link: https://www.econbiz.de/10005077059
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Coase Competition and Compensation
Varian, Hal - EconWPA - 1994
I show that the Pigovian solution to a simple externalities problem and a particular Coasian solution can be viewed as competitive equilibria from different initial endowments. I also describe the ``compensation mechanism,'' a mechanism that implements either the Coasian or Pigovian solution as...
Persistent link: https://www.econbiz.de/10005077060