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We use several well-being measures that combine average income with a measure of inequality to undertake international, intertemporal, and global comparisons of well-being. The conclusions emerging from the analysis are that our well-being measures drastically change our impression of levels of...
Persistent link: https://www.econbiz.de/10011514115
In many OECD countries income inequality has risen, but surprisingly redistribution as well. The theory attributes this partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U-shaped way on education. To maintain a given level...
Persistent link: https://www.econbiz.de/10011409838
Over the last decades, the United States has experienced a large increase in, both, income inequality and living standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living standards play no role for taxes and transfers in...
Persistent link: https://www.econbiz.de/10014551008
tax have a significant negative effect on the household GINI index and on poverty. We also examine three alternative …
Persistent link: https://www.econbiz.de/10010361509
fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … inequality. Second, average unfair inequality doubles when complementing the ideal of an equal opportunity society with poverty …
Persistent link: https://www.econbiz.de/10011864650
This paper is the first attempt towards directly testing the existence of status seeking behavior of the poor for a developing economy, India, with the help of a large dataset. The paper empirically validates status consciousness among the relatively poor for both rural and urban areas across...
Persistent link: https://www.econbiz.de/10011898668
This study examines the impact of international economic sanctions, imposed on Iran due to its nuclear program, on the development of the middle class. Specifically, it investigates how the middle class in Iran would have developed in the absence of these sanctions post-2012. To address this...
Persistent link: https://www.econbiz.de/10014563835
In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can bear a complex and non-linear relationship if policy...
Persistent link: https://www.econbiz.de/10010531112
Most equivalence scales which are applied in research on poverty and inequality do not depend on income, although there … differing assessments of poverty and inequality under quite general conditions. German microdata will be used to demonstrate and …
Persistent link: https://www.econbiz.de/10011374211
persons for the years 1980, 1990 and 2000, and world poverty rates for the same years. It also presents the results of a … growth and changes in global income inequality and poverty. The authors find that rapid growth in China (despite a downward … inequality. The impact of these twocountries is similarly critical with respect to global poverty reduction. …
Persistent link: https://www.econbiz.de/10011514125