Showing 1 - 10 of 234
Lupu and Pontusson (2011) argue that the structure of income inequality, rather than its level, can explain differences in fiscal redistribution across modern welfare states. Contrary to the assertion that there is robust evidence in support of this proposition, the present paper challenges the...
Persistent link: https://www.econbiz.de/10012890814
Recent work on inequality has examined either changes in the distribution of income or in that of earnings, without examining how the latter affects the former. In this paper we perform a factor decomposition of income inequality in order to assess the importance of earnings and income from...
Persistent link: https://www.econbiz.de/10010335553
The One Parameter Inequality Process (OPIP) long predates the Saved Wealth Model (SWM) to which it is isomorphic up to a different choice of stochastic driver of wealth exchange. Both are stochastic interacting particle system intended to model wealth and income distribution. The OPIP and other...
Persistent link: https://www.econbiz.de/10010335570
In discussions on inequality in Africa, Mali often appears as an exception, being the country with the lowest level of inequality in the West African sub-region. In this paper, we analyse the dynamics of inequality in the country and try to understand the role played by the different sources of...
Persistent link: https://www.econbiz.de/10013467148
One of the most frequent critiques of the HDI is that is does not take into account inequality within countries in its three dimensions. In this paper, we apply a simply approach to compute the three components and the overall HDI for quintiles of the income distribution. This allows a...
Persistent link: https://www.econbiz.de/10010335419
The paper investigates the effectiveness of the median voter as a decisive agent in the process of redistribution. According to the previous literature, it tests several assumptions finding interesting results: The positive relation between inequality and redistribution is confirmed, but the...
Persistent link: https://www.econbiz.de/10010335331
The reformulation of the median voter hypothesis and its testing proposed in Milanovic (2000) has been criticized from four different perspectives. The critiques are discussed and assessed.
Persistent link: https://www.econbiz.de/10010335351
Based on the standard axiom of individual utility maximization, rational choice has postulated that higher income inequality translates into greater redistribution by shaping the median voter's preferences. While numerous papers have tested this proposition, the literature has remained divided...
Persistent link: https://www.econbiz.de/10010335364
This study examines empirically the impact of income polarization on economic growth in an unbalanced panel of more than 70 countries during the 1960-2005 period. We calculate various polarization indices using existing micro-level datasets, as well as datasets reconstructed from grouped data on...
Persistent link: https://www.econbiz.de/10010335431
We use data from the Luxembourg Income Study in order to quantify the economy-wide monetary gains achieved by household-size economies due to within-household sharing of goods by individuals living in multimember households. In most countries out of the twenty countries we examine, we observe a...
Persistent link: https://www.econbiz.de/10010335538