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This paper presents a general procedure inspired by the Shapley value for decomposing any inequality indices by factor components or by sub-populations. To do so we define an inequality game. Despite the fact that the characteristic function is not super-additive in general and that the...
Persistent link: https://www.econbiz.de/10010852242
We prove two results for exchange economies with / goods, n individuals without any differentiability assumption: 1. the multiplicity of equilibria for at least one initial allocation is a necessary condition for the existence of the global transfer paradox; 2. the multiplicity of equilibria for...
Persistent link: https://www.econbiz.de/10005065706
This paper examines the extent and evolution of intergenerational earnings mobility in France. We use data from five waves of the French Education-Training-Employment (FQP) surveys covering the period 1964 to 1993. Our estimation procedure follows Björklund and Jäntti (1997)'s two-sample...
Persistent link: https://www.econbiz.de/10005065978
Persistent link: https://www.econbiz.de/10005066189