Showing 1 - 10 of 393
We show that a recent appendix to the Gini-coefficient to make the latter more sensitive to asymmetric income distributions can be viewed as an abstract measure of skewness. We develop some of its properties and apply it to the US-income distribution in 1974 and 2010
Persistent link: https://www.econbiz.de/10012986162
In this paper, we demonstrate how age-adjusted inequality measures can be used to evaluate whether changes in … inequality over time are due to changes in the age structure. To this end, we use administrative data on earnings for every male … Norwegian during 1967-2000. We find that the substantial rise in earnings inequality over the 1980s and into the early 1990s, is …
Persistent link: https://www.econbiz.de/10013316148
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for “discrete axiom of revealed preference”) is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...
Persistent link: https://www.econbiz.de/10013315672
utilitarian social welfare function yields a simple welfare measure which comprises both GDP and income inequality as measured by …
Persistent link: https://www.econbiz.de/10012916152
advantage generates a “Gini admissible” personal inequality index. The mean value of such an index across individuals equals the … inequality in various ranges of the income distribution. Applications to the Kuznets transformation in developing countries, to …
Persistent link: https://www.econbiz.de/10012968651
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10008671705
We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities, where private returns exceed social returns either because they involve the capture of pre-existing rents or...
Persistent link: https://www.econbiz.de/10013043234
Empirically, the income share is procyclical for the low-income groups and acyclical for the top 5%. We find that business cycle models should consider overlapping generations and elastic labor supply in order to replicate this finding
Persistent link: https://www.econbiz.de/10012777297
Using detailed tax data from the Swiss canton of Bern, I examine how changes in wealth are related to income risk. I find that only among elderly individuals high kurtosis of income risk may be positively correlated with wealth accumulation. Additionally, I document that a substantial share of...
Persistent link: https://www.econbiz.de/10012912679
debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se … fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … empirical applications provide important new insights on the development of unfair inequality both over time (in the US) and …
Persistent link: https://www.econbiz.de/10012912680