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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
We link survey data containing Danish people’s perceptions of where they rank in various reference groups and fairness views with administrative records on their income history, life events, and reference groups. People know their income positions well, but believe others are closer to...
Persistent link: https://www.econbiz.de/10012581991
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
change in the Gini (based on consumption expenditure) by up to 0.03 points. Cross-country heterogeneity in this change is … large as the change in the standard Gini measure over the period of interest. …
Persistent link: https://www.econbiz.de/10011872142
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
Rising income inequalities are widely debated in public and academic discourse. In this paper, we contribute to this debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se, but that its underlying sources need to be taken...
Persistent link: https://www.econbiz.de/10011887379
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
We define and axiomatically characterize an index of ethnic stratification that measures the extent to which the …-behaved statistical properties, and we show that ethnic stratification is empirically related to low levels of trust in other people and …
Persistent link: https://www.econbiz.de/10011957221
It is argued that the concept of well-being inequality cannot be properly defined without taking the referencing process into account. The reference effect depends on how frequently individuals compare with others and on the degree of social transparency in society. In this paper we employ the...
Persistent link: https://www.econbiz.de/10010277032