Showing 1 - 10 of 39
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
Instead of Inequality analysis sometimes neglects the problem of allowing differences in people's non …
Persistent link: https://www.econbiz.de/10005310311
This paper employs a decomposition analysis of inequality by income source to understand and explain particular aspects … of income inequality in Greece. The results suggest that entrepreneurial income is the most significant contributor to … overall inequality in Greece. It is also shown that there is a weak redistributive impact of taxes and social security …
Persistent link: https://www.econbiz.de/10005310313
Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard … axioms of distributional comparison. Moreover, there are significant differences in the 'maps' of inequality and risk …
Persistent link: https://www.econbiz.de/10005310315
Inequality measurement involves explicit or implicit value judgements. The subjective approach to inequality …
Persistent link: https://www.econbiz.de/10005310316
This paper presents evidence on the consequences of the 1912 introduction of "quasiuniversal" male suffrage in Italy. The reform increased the electorate from slightly less than three million to 8,650,000 and left the electoral rules and the district boundaries unchanged. This allows us to...
Persistent link: https://www.econbiz.de/10009368612
inequality of opportunity, as well as to greater output. This provides an additional rationale for an active role for the …
Persistent link: https://www.econbiz.de/10005797441
We develop two simple measures of how much inequality is explained by individual population characteristics or groups … several alternative theoretically consistent approaches to inequality decomposition. Results are illustrated using US PSID …
Persistent link: https://www.econbiz.de/10005797447
Using a simple axiomatic structure we characterise two classes ofinequality indices - absolute and relative - that take into account "envy"in the income distribution. The concept of envy incorporated hereconcerns the distance of each person's income from his or herimmediately richer neighbour....
Persistent link: https://www.econbiz.de/10005797453
Drawing on recent work concerning the statistical robustness of inequality statistics we examine the sensitivity of … poverty indices to data contamination using the concept of the influence function. We show that poverty and inequality indices …
Persistent link: https://www.econbiz.de/10005797463