. Moreover, our calculations suggest that US inequality is above its optimal level. …

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 …

The objective of this work is to analyse the income inequality in the 15 EU countries during the convergence process to … whether the inequality of income has diminished within and between countries over time. Gini's generalised family indices … the results obtained to different degrees of inequality aversion and to different equivalence scales, taking into account …

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 …

Unlike aversion to inequality, aversion to poverty resists formalization in welfare economics. One way to assign … valued welfare measure. It proposes a lexicographic L*-ordering, where the first rank criterion corresponds to an inequality …

This note is motivated by recent arguments made by Martin Feldstein in which the relevance of inequality is dismissed … (if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty … alleviation should matter. This note shows that we all do care about inequality, and to hold that we should be concerned with …

This paper analyses changes in the distribution of equivalised gross household income and income inequality in New … these factors on alternative summary measures of inequality over the period. We find that changes in household structure and … in the socio-demographic characteristics of households are the main factors contributing to the rise in inequality, while …