Showing 1 - 8 of 8
We perform development accounting in accordance with Weil (2005, 2007) in a cross-state analysis of India. Results of similar magnitude are found, demonstrating that health can account for 1% to 18% of income differences depending on the health measure.
Persistent link: https://www.econbiz.de/10011041794
Respected economists invoke the Pareto criterion to argue that inequality doesn't really matter so long as no one ends up with less in absolute terms. Using income levels to measure the well-being of individual families, these economists argue that since the rich now have much more money than...
Persistent link: https://www.econbiz.de/10005417381
This paper proposes the application of the between-group component of the Theil index to data on wages, earnings, and employment by industrial classification, in order to measure the evolution of wage or earnings inequality through time. We provide formal criteria under which such a...
Persistent link: https://www.econbiz.de/10005417302
The generalised Lorenz criterion is widely used for making welfare comparisons within and across countries on the basis of their income distributions. Experimental studies have challenged this way of proceeding by showing that the principle of transfers, which underlies the generalised Lorenz...
Persistent link: https://www.econbiz.de/10010572266
This paper deepens and extends the conclusion by Conceição and Galbraith [2000] that, under some very general conditions, the dynamics of overall inequality can be captured using only the between sector component of the Theil index. This paper explores the fractal properties of the Theil...
Persistent link: https://www.econbiz.de/10005466789
Theil's T index has attractive decompositional properties exploited by James Galbraith and his team. We provide a different take on using the Theil index. We consider Theil's T from the perspective of variations in income or earnings across the major racial and ethnic groups that comprise a...
Persistent link: https://www.econbiz.de/10005466866
Using data on inequality for 21 OECD countries over the period 1870–2011 this paper tests the Piketty hypothesis that income inequality is likely to grow in the 21st century. It is shown that the null hypothesis of trend stationarity of inequality cannot be rejected at conventional...
Persistent link: https://www.econbiz.de/10011189531
and anti-poverty effects of state education are illustrated. …
Persistent link: https://www.econbiz.de/10011076538