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I focus on one of the most-commonly-cited 'facts'; about UK income inequality â that it has changed little over the last 30 years â and reflect on how robust that description is. I look at a number of fundamental issues in inequality measurement related to inequality concepts (e.g., inequality...
Persistent link: https://www.econbiz.de/10014083929
Meijer, Rohwedder, and Wansbeek (MRW, Journal of Business & Economic Statistics, 2012) develop methods for prediction of a single earnings figure per worker from mixture factor models fitted using earnings data from multiple linked data sources. MRW apply their method using parameter estimates...
Persistent link: https://www.econbiz.de/10013240269
We describe methods of combining administrative and survey data to improve the measurement of income. We begin by decomposing the total survey error in the mean of survey reports of dollars received from a government transfer program. We decompose this error into three parts, generalized...
Persistent link: https://www.econbiz.de/10012870217
To measure income inequality with right censored (topcoded) data, we propose multiple imputation for censored observations using draws from Generalized Beta of the Second Kind distributions to provide partially synthetic datasets analyzed using complete data methods. Estimation and inference...
Persistent link: https://www.econbiz.de/10012764667
distribution. We combine the benefits of the two data sources and develop an integrated approach for top-corrected Gini …
Persistent link: https://www.econbiz.de/10012962265
This paper quantifies the economic well-being of different age groups and the extent of their reliance on incomes from public and private sources. The aim is to establish how social benefits, and the taxes needed to finance them, affect income levels and disparities across different age groups....
Persistent link: https://www.econbiz.de/10013317552
Estimates of UK income inequality trends differ substantially according to whether estimates are based on household survey data (used for official statistics) or tax return data (used in the top incomes literature). We reconcile differences in variable definitions and combine survey and tax...
Persistent link: https://www.econbiz.de/10012999018
Do individuals choose their reference groups, i.e. their Joneses, or are they culturally transmitted across generations? We provide evidence that feeds the theoretical debate about the endogeneity or exogeneity of reference groups. Our findings for Uruguay suggest that reference groups are...
Persistent link: https://www.econbiz.de/10014076459
The Gini coefficient features prominently in Amartya Sen's 1973 and 1997 seminal work on income inequality and social … welfare. We construct the Gini coefficient from socialpsychological building blocks, reformulating it as a ratio between a … Gini coefficient increases. By integrating our approach to the construction of the Gini coefficient with Sen's social …
Persistent link: https://www.econbiz.de/10014084076
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10012911198