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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
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
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
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
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 … paper is to quantify the proportion of changing household structures in the increase in inequality. We find that the rise in …
Persistent link: https://www.econbiz.de/10013136651
The paper uses a veil of ignorance approach and income distribution data of developed countries to arrive at inequality …
Persistent link: https://www.econbiz.de/10013092158
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...
Persistent link: https://www.econbiz.de/10013073087
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can … powerful buyer can trade with one of several sellers - an environment that can lead to pronounced inequality among the … inequality …
Persistent link: https://www.econbiz.de/10013000910