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Using Norwegian administrative data, we study how sizable lottery prizes affect household expenditure and savings. Expenditure responses (MPCs) spike in the year of winning, with a mean estimate of 0.35, and thereafter fall markedly. Controlling for all items on the household balance sheet and...
Persistent link: https://www.econbiz.de/10011968622
In this paper, we analyze how the distribution of selected non-income welfare indicators changed between 1997 and 2003 in Colombia. We use multidimensional propoor growth measurement techniques and create indices for assets, health, education, and subjective welfare using two alternative...
Persistent link: https://www.econbiz.de/10010329884
In this paper we analyze if an `urban mortality penalty\' exists for today\'s developing countries, repeating the history of industrialized nations during the 19th century. We analyze the Demographic and Health Survey (DHS) of 19 Sub-Saharan African countries for differences in child and adult...
Persistent link: https://www.econbiz.de/10010330007
This paper examines different approaches to the measurement of multidimensional inequality and poverty. First, it … treatment in poverty measurement. Finally, it reviews the axiomatic approach to inequality analysis. The paper provides a …
Persistent link: https://www.econbiz.de/10011968562
the distribution of consumption, poverty and inequality in the world. …
Persistent link: https://www.econbiz.de/10011483212
implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the … distribution has become more relatively equal due to falling inter-country relative inequality, and that by some measures global … "inequality convergence" with previously more equal countries becoming less equal over time and the obverse. We provide support …
Persistent link: https://www.econbiz.de/10010516222
-post inequality of opportunity if individuals who exert the same effort have different permanent incomes. In comparison, the ex …
Persistent link: https://www.econbiz.de/10011968390
We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less …
Persistent link: https://www.econbiz.de/10013461495
This paper asks whether income mobility in South Africa over the last decade has indeed been as impressive as currently thought. Using new national panel data (NIDS), substantial measurement error in reported income data is found, which is further corroborated by a provincial income data panel...
Persistent link: https://www.econbiz.de/10010392365
In a canonical model of borrowing and lending, an exclusion technology that features full exclusion for a deterministic number of periods following default maximizes stationary equilibrium welfare. This exclusion policy maximizes the stationary volume of mutually beneficial lending transactions....
Persistent link: https://www.econbiz.de/10012112081