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We analyze the contracting structure in a moral hazard setting with several agents whereoutput is produced jointly and is the only contractible variable. Since the salary of each agentis a function of all agents efforts, a positive externality arises between them. This externalityis not...
Persistent link: https://www.econbiz.de/10005510536
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …
Persistent link: https://www.econbiz.de/10005510519
income inequality in Greece. This analysis is quite revealing for understanding and explaining income idfferences among … certain population subgroups with apparent policy implications. The degree to which overall inequality is attributable to … inequality between these sub groups or to inequality within them is investigated, employing a decomposition analysis by …
Persistent link: https://www.econbiz.de/10005510523
Abstract This paper investigates the relationship between growth and inequality froma demographic point of view. In an … inequality is at first positive and then may benegative in the process of population aging. The results are consistent with …
Persistent link: https://www.econbiz.de/10005510524
Inequality measures are powerful tools of applied welfare analysis. However, to use the tools effectively one has to … statistical problems which are addressed here for both micro-data and grouped data. The theoretical properties of inequality …
Persistent link: https://www.econbiz.de/10005510525
Averaging methods are routinely used in order to limit biases resulting from the mismeasurement of permanent incomes. The Solon/Zimmerman estimator regresses a single-year measurement of the child's resources on a T-period average of the parents' income while the Behrman/Taubman estimator...
Persistent link: https://www.econbiz.de/10005510528
We examine the relationship between risk analysis and inequality analysis, using a questionnaire-experimental approach … a risk or inequality context. Both context and income levels are important in influencing rankings. …
Persistent link: https://www.econbiz.de/10005510529
?reduced-form? version that is expressed in terms of inequality and mean income. This shows the relationship between the … large class of inequality measures that includes the Gini. These results do not require differentiability of the social …
Persistent link: https://www.econbiz.de/10005510530
evaluation comprise the alleviation of poverty and the reduction in income inequality, whilst the diversity of opinions about …
Persistent link: https://www.econbiz.de/10005510531
It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the...
Persistent link: https://www.econbiz.de/10005510532