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Capitalist systems and income inequality

Ranaldi, Marco; Milanović, Branko - 2020

-personal inequality. We speculate on the emergence of homoploutic societies where income composition may be the same for all, but Gini …

Persistent link: https://www.econbiz.de/10012305082

Wealth distribution, peasant production and poverty traps in African smallholder agriculture

Hoogeveen, Johannes - 1999

A model is developed for peasant households in land abundant areas who choose between two technologies for land preparation: a manual one and one using draught animals. For draught a minimum number of animals is required so that a technological non convexity exists. It follows that certain...

Persistent link: https://www.econbiz.de/10011453277

Social welfare, inequality and deprivation

Magdalou, Brice (contributor); Moyes, Patrick (contributor) - 2008

individuals and allocated to one arbitrary poorer individual. We identify the subclass of extended Gini social welfare functions … ; Inequality ; Deprivation ; Lorenz Dominance ; Extended Gini Social Welfare Functions …

Persistent link: https://www.econbiz.de/10003800432

The barycenter of the distribution and its application to the measurement of inequality : the balance of inequality, the Gini index, and the Lorenz curve

Di Maio, Giorgio - 2022

, the Gini index is 2μX − 1, i.e., the normalization of the barycenter, which is in the range [0, 1/2], the concentration … area is μX − 1/2, and the Gini’s mean difference is 4μY (μX − 1/2). The same barycenter-based formulae hold for normalized …

Persistent link: https://www.econbiz.de/10013174492

The inequality we want : how much is too much?

Krozer, Alice - 2017

A key aspect defining the contemporary income distribution is the (increasing) share the top holds compared to the rest. This paper shows that income concentration increases towards the very top of the distribution, while the shares the middle- and upper-middle-income groups hold remain stable...

Persistent link: https://www.econbiz.de/10011628596

A new inequality measure that is sensitive to extreme values and asymmetries

McAleer, Michael; Ryu, Hang-keun; Slottje, Daniel Jonathan - 2017

properties such a measure (or index) should contain. The Gini index is, of course, the most popular. There is a concurrent … Gini) that poorly detect the extreme values present in the underlying empirical IDF. This paper introduces a new inequality … measure to supplement, but not to replace, the Gini that measures more accurately the inherent asymmetries and extreme values …

Persistent link: https://www.econbiz.de/10011773015

Combining panel data sets with attrition and refreshment samples

Hirano, Keisuke; Imbens, Guido; Ridder, Geert; Rubin, … - 1998

With panel data important issues can be resolved that can not beaddressed with cross--sectional data. A major drawback is that paneldata suffer from more severe missing data problems. Adding a sampleconsisting of new units randomly drawn from the original populationas replacements for units who...

Persistent link: https://www.econbiz.de/10011283469

On a simple survey measure of individual risk aversion

Hartog, Joop; Ferrer-i-Carbonell, Ada; Jonker, Nicole - 2000

We ask individuals for their reservation price of a specified lotteryand deduce their Arrow-Pratt measure of risk aversion.This allows direct testing of common hypotheses on risk attitudes inthree datasets. We find that risk aversion indeed fallswith income and wealth. Entrepreneurs are less...

Persistent link: https://www.econbiz.de/10011303858

Empirical relevance of the Hillman condition and comparative advantage

Hinloopen, Jeroen; Marrewijk, Charles van - 2004

We analyze the empirical violation of the Hillman condition, a necessary and sufficient condition for the correspondence between comparative advantage and pre-trade relative prices. Our comprehensive data set allows us to investigate the Hillman condition for virtually all countries of the...

Persistent link: https://www.econbiz.de/10011334845

Bayesian mode inference for discrete distributions in economics and finance

Cross, Jamie; Hoogerheide, Lennart; Labonne, Paul; … - 2023

Detecting heterogeneity within a population is crucial in many economic and financial applications. Econometrically, this requires a credible determination of multimodality in a given data distribution. We propose a straightforward yet effective technique for mode inference in discrete data...

Persistent link: https://www.econbiz.de/10014313693