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Some economists have argued that the process of disintegration of the world economy between the two World Wars led to income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence. The paper shows that the view that the period...
Persistent link: https://www.econbiz.de/10005076560
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 …
Persistent link: https://www.econbiz.de/10005076592
Standard official measures of economic well-being are based on money income. The general consensus is that such measures are seriously flawed because they ignore several crucial determinants of well-being. We examine two such determinants-household wealth and public consumption-in the context of...
Persistent link: https://www.econbiz.de/10005076601
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/10005076613
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 …
Persistent link: https://www.econbiz.de/10005076922
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 …
Persistent link: https://www.econbiz.de/10005076936
I use a dynamic microsimulation model to analyse the distributional effects of an expansion of education in Côte d'Ivoire in the medium and long term. The simulations are performed in order to replicate several policies in force or subject to debate in this country. Various hypotheses...
Persistent link: https://www.econbiz.de/10005076938
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 …
Persistent link: https://www.econbiz.de/10005077068
evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has … increased between 1984 and 1999; 2) the growth in wealth inequality has been associated with substantial declines in real … reduce wealth inequality; 6) changes in permanent income do not explain a substantial portion of the growing gap between low …
Persistent link: https://www.econbiz.de/10005077085
With all the talk in Europe about “Islam” and “Muslim culture” it is surprising how little hard-core empirical evidence exists on the compatibility of “Muslim culture” with positive patterns of political, social, and ecological development in the world system in the 1980s, 1990s, and...
Persistent link: https://www.econbiz.de/10005125619