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It is sometimes argued that poorer people choose to work less, implying less welfare inequality than suggested by observed incomes. Social policies have also acknowledged that efforts differ, and that people respond to incentives. Prevailing measures of inequality (in outcomes or opportunities)...
Persistent link: https://www.econbiz.de/10012457274
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...
Persistent link: https://www.econbiz.de/10012458473
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10012457900
The United Nations Human Development Index (HDI) is arguably the most widely used alternative to gross domestic product for measuring national development. This is in large part due to its multidimensional nature, as it incorporates not only income, but also education and health. However, the...
Persistent link: https://www.econbiz.de/10014247965
In response to the COVID-19 pandemic two new timely poverty measures have been developed to monitor fast …-changing economic conditions for the most deprived. The Han et al. near real-time poverty measure uses responses to a global income … poverty measure, widely cited in the media, uses data from the Annual Social and Economic Supplement to the CPS and other …
Persistent link: https://www.econbiz.de/10013362025
poverty with respect to changes in the mean of the distribution of income, thus analytically linking the poverty measures to … key macroeconomic aggregates. Numerous insights are found in Kakwani's elasticities. However, the literature on poverty … and growth since then has revealed that the impacts of economic growth on poverty, as observed in practice, can be …
Persistent link: https://www.econbiz.de/10013362055
Children's indirect exposure to the justice system through biological parents or co-resident adults is both a marker of their own vulnerability and a measure of the justice system's expansive reach in society. Estimating the size of this population for the United States has historically been...
Persistent link: https://www.econbiz.de/10014287362
Introduction: what have we learned about the problems of and prospects for disadvantaged youth? / Jonathan Gruber -- Education : the behavioral consequences of pre-kindergarten participation for disadvantaged youth / David Figlio and Jeffrey Roth -- Is gaining access to selective elementary...
Persistent link: https://www.econbiz.de/10003800493
childhood (family income and poverty measures, family characteristics including parental education, and child characteristics …
Persistent link: https://www.econbiz.de/10012465281
rural incomes in China. Current literature based on analyses of rural income volatility in China decomposes poverty into … poverty gap attributable to mean income over time being below the poverty line. Resulting estimates of 40-50 % transient … poverty point to the policy conclusion that poverty may be a less serious social problem than it appears in annual data due to …
Persistent link: https://www.econbiz.de/10012465883