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presence of inequality, however, it deviates or refracts from the ideal condition. In this paper, I try to measure economic … inequality from the index of refraction. First, I compute such an index for each stratum to evaluate condition in each and then … add all to propose an overall measure of economic inequality, which appears to be a standardised measure of the length of …
Persistent link: https://www.econbiz.de/10011103404
inequality for policymakers and citizens to track. …
Persistent link: https://www.econbiz.de/10010878121
This paper examines how spatial price differentials affect income distribution in Italy. The distribution of household income is “reshuffled” after controlling for the purchasing power of households residents in different regions, but only when housing price variations are included in the...
Persistent link: https://www.econbiz.de/10008502854
Households can differ in size and needs. A reliable assessment of inequality in living standards, therefore … by means of an inequality decomposition by household types. Country inequality rankings are sensitive to the conversion … strategy applied. The decomposition analysis reveals the underlying mechanisms. We find inequality estimates typically to be …
Persistent link: https://www.econbiz.de/10005413420
the relationship between income inequality and financial stability. Bordo and Meissner found that changes in income … inequality do not have an effect on the growth of credit. We extend their study by assessing the relationship between levels of … income inequality and leverage. We find that the relationship between inequality and credit is long-run, i.e. trending, in …
Persistent link: https://www.econbiz.de/10011163073
inequality. The social evaluation relation (SER) from which the index is derived is required to satisfy a weak version of the … problem of measuring multidimensional inequality is here interpreted to be essentially a problem of setting weights on the … obtain a specific SER. The Kolm index derived from this relation is then suggested as the multidimensional inequality index …
Persistent link: https://www.econbiz.de/10010600173
. A difficulty arises when inequality needs to be assessed. One may focus either on achievements or on shortfalls but the … respective inequality rankings may lead to contradictory results. Specifically, this paper concentrates on the poverty measure … proposed by Sen. According to this measure the inequality among the poor is captured by the Gini index. However, the rankings …
Persistent link: https://www.econbiz.de/10009193071
It is well-known that Gini coefficient is influenced by granularity of measurements. When there are few observations only or when they get reduced due to grouping, standard measures exhibit a non-negligible downward bias. At times, bias may be positive when there is an apparent reduction in...
Persistent link: https://www.econbiz.de/10010698703
Conventional wisdom states that fiscal policy redistributes little in Latin America. Lower tax revenues and – above all – lower and less progressive transfers have been identified as the main cause. Existing studies show that, while in Europe the distribution of all transfers combined (cash...
Persistent link: https://www.econbiz.de/10009366275
This paper suggests multidimensional affluence measures for the top of the distribution. In contrast to commonly used top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within a common framework. We illustrate this by analyzing the...
Persistent link: https://www.econbiz.de/10009366276