Showing 1 - 10 of 13
This paper introduces a class of intermediate inequality indices, I(?, ?), that is at the same time ray-invariant and unit-consistent. These measures permit us to keep some of the good properties of Krtscha’s (1994) index while keeping the same “centrist” attitude whatever the income...
Persistent link: https://www.econbiz.de/10005413367
An income inequality measure satisfies the Pigou-Dalton transfer principle if progressive transfers decrease income inequality. When transfers cause transaction costs, one can trace out the maximum leakage such that the transfer pays at the margin. An income inequality measure is leaky-bucket...
Persistent link: https://www.econbiz.de/10005413403
We offer a model of equality of opportunity that encompasses different conceptions expressed in the public debate. In addition to circumstances whose effect on outcome should be compensated and eort which represents a legitimate source of inequality, we introduce a third factor, luck, that...
Persistent link: https://www.econbiz.de/10005413412
In contrast to the experience in high-income OECD countries, the introduction of democracy in most low- and middle-income countries (LMICs) has been followed, as a rule, by a concentration of income. Using the median voter hypothesis as analytical tool, this paper explores the conditions under...
Persistent link: https://www.econbiz.de/10005413419
This paper analyzes the relationship between income inequality and inequality of opportunities for income acquisition in nine developed countries during the nineties. We develop a new definition of equality of opportunity and show how it can be implemented empirically. Equality of opportunity is...
Persistent link: https://www.econbiz.de/10005413424
The purpose of this paper is to analyze the advantages and disadvantages of several intermediate inequality measures, paying special attention to whether inequality rankings between income distributions are affected by the monetary units in which incomes are expressed.
Persistent link: https://www.econbiz.de/10005413438
We propose and characterize a generalization of the classical linear index of individual deprivation based on income shortfalls. Unlike the original measure, our class allows for increases in the income of a higher-income individual to have a stronger impact on a person’s deprivation the...
Persistent link: https://www.econbiz.de/10011098376
In this paper we analyze the way in which changes in macro-economic circumstances and labour market institutions, that occurred in Italy over the ‘90s, affected the set of opportunities for young generations, amplify or shrinking existing inequalities. In particular we investigate whether they...
Persistent link: https://www.econbiz.de/10009370129
This paper introduces a new Lorenz dominance criterion that allows ranking income distributions according to ray-invariant intermediate inequality measures. In doing so, it defines a-Lorenz curves by adapting the generalized Lorenz curves to this case. In addition, it provides an empirical...
Persistent link: https://www.econbiz.de/10009366283
The model takes into account the household production and self reported information is interpreted in relation with the sharing rule governing the bargaining process in the family. Considering that the theoretical framework implies a wide concept of full income, which includes the allocation of...
Persistent link: https://www.econbiz.de/10004967201