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Charting Income Inequality: The Lorenz Curve
Bellù, Lorenzo G.; Liberati, Paolo - Volkswirtschaftliche Fakultät, … - 2005
This paper explains how to build Lorenz Curves for income distributions and discusses their use for inequality measurement. A short conceptual background, a step-by-step procedure and a simple numerical example illustrate how to calculate and draw Lorenz Curves. A discussion on the use of Lorenz...
Persistent link: https://www.econbiz.de/10008919738
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Social Welfare Analysis of Income Distributions: Ranking Income Distributions with Lorenz Curves
Bellù, Lorenzo Giovanni; Liberati, Paolo - Volkswirtschaftliche Fakultät, … - 2005
This paper illustrates how Lorenz Curves can be used to identify the best income distribution on social welfare grounds, within a set of alternative income distributions generated by different policy options. After highlighting some drawbacks of using specific functional forms of the Social...
Persistent link: https://www.econbiz.de/10009004151
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Social Welfare Analysis of Income Distributions: Ranking Income Distributions with Generalised Lorenz Curves
Bellù, Lorenzo Giovanni; Liberati, Paolo - Volkswirtschaftliche Fakultät, … - 2005
This module illustrates how Generalised Lorenz (GL) Curves can be used to identify the best income distribution on social welfare grounds, within a set of alternative income distributions generated by different policy options, in many of the cases where ordinary Lorenz curves fail to work After...
Persistent link: https://www.econbiz.de/10011257958
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Inequality and happiness: When perceived social mobility and economic reality do not match
Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2010
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the perceived and the actual fairness of the income generation process affects this association. Building on a simple model of individual labor-market participation under...
Persistent link: https://www.econbiz.de/10008683292
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Inequality and happiness: When perceived social mobility and economic reality do not match.
Bjornskov, Christian; Dreher, Axel; Fischer, Justina A.V.; … - Volkswirtschaftliche Fakultät, … - 2013
We argue that perceived fairness of the income generation process affects the association between income inequality and subjective well-being, and that there are systematic differences in this regard between countries that are characterized by a high or, respectively, low level of actual...
Persistent link: https://www.econbiz.de/10011112607
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On the relation between income inequality and happiness: Do fairness perceptions matter?
Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2009
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10008557077
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On the relation between income inequality and happiness: Do fairness perceptions matter?
Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2009
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10008557081
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Subjective well-being approach to the valuation of income inequality
Beja, Edsel Jr. - Volkswirtschaftliche Fakultät, … - 2011
The subjective well-being approach to valuation is applied to the valuation of income inequality. Results show that objective inequality is a bad in the industrialized economies but a good in the emerging economies. Too much objective inequality is a bad in both areas. Results also show that...
Persistent link: https://www.econbiz.de/10009325580
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The marginal utility of income
Layard, Richard; Mayraz, Guy; Nickell, Stephen J - London School of Economics (LSE) - 2007
In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large...
Persistent link: https://www.econbiz.de/10011071383
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The poverty and inequality nexus in Ghana: a decomposition analysis of household expenditure components
Novignon, Jacob; Nonvignon, Justice; Mussa, Richard - Volkswirtschaftliche Fakultät, … - 2015
The study examined the linkages between inequality in household expenditure components and total inequality and poverty …, reducing within-component inequality significantly reduces overall poverty and inequality in Ghana, compared to between … poverty and inequality. The findings imply that policies directed towards reducing within-component inequality will be more …
Persistent link: https://www.econbiz.de/10011252595