Showing 1 - 10 of 62
counterparts, then by comparing the true and generated values of the Gini coefficient and other inequality indices. The results …
Persistent link: https://www.econbiz.de/10010284587
The Inequality Process (IP) is a particle system model similar to that of the Kinetic Theory of Gases. The IP is a parsimonious model of competition among people for wealth. The IP explains a wide scope of stable patterns in the distribution of personal income and wealth. Econophysicists have...
Persistent link: https://www.econbiz.de/10011259327
We model the evolution of age-dependent personal income distribution and inequality as expressed by the Gini ratio. In …) and to compute the Gini ratios. The latter are predicted very accurately - up to 3 decimal places. We show that Gini for … of people with income between 1947 and 1999, the overall Gini reveals a tendency to decline slightly with time. The age …
Persistent link: https://www.econbiz.de/10011259180
We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...
Persistent link: https://www.econbiz.de/10011584914
When measuring income inequality over long periods of time, accounting for population and productivity growth is important. This paper presents three alternative measures of top income shares that more explicitly account for population and income growth than the standard measure. We apply these...
Persistent link: https://www.econbiz.de/10011957201
Income inequality in Germany has been continuously increasing during the past 20 years. In general, this is understood as an increase in inequality of wages due to changes in bargaining power of employees. However, the role of changing household structure is widely neglected. Societal trends...
Persistent link: https://www.econbiz.de/10010274876
The paper discusses the ∪-shaped relationship between the equivalence scale n^ε and the Gini index instead of … required for a convex relationship between size elasticity and the Gini index. Empirically, income distributions satisfy those …
Persistent link: https://www.econbiz.de/10011259680
The traditional concept of a strict minimum of necessary consumption and nontaxable income equal for all taxpayers embedded in most current income-tax systems is the result of a paradox of fiscal egalitarianism. The paper shows that substituting the traditional notion of a strict minimum of...
Persistent link: https://www.econbiz.de/10009251554
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I will introduce a new expression for the balanced-budget constraint, no longer based on lump- sum transfers as in the traditional literature, but rather on more realistic labour...
Persistent link: https://www.econbiz.de/10005835397
It assesses the impact of the expansion of educational levels on the distribution of wages between 1970 and 1984 in Metropolitan Lima in Peru. For this purpose it uses a dynamic decomposition of the second Theil's concentration index using data from household surveys. The results suggest that...
Persistent link: https://www.econbiz.de/10008529203