The intergenerational elasticity of income is considered one of the best measures of the degree to which a society … the intergenerational elasticity of income. The model clarifies how the interaction between private and collective … elasticity of income are not particularly informative about fairness without taking into account differences in politico …

comparable measure of permanent income as a basis for defining and measuring chronic poverty. This approach accounts for the fact … that individuals regularly undertake inter-period income transfers. Moreover, the approach allows for individual …