Showing 1 - 10 of 274
In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical judgements of income distributions. The sole parameter ε of this function expresses a society’s aversion to inequality. However, the profession has not committed to the...
Persistent link: https://www.econbiz.de/10012887975
Income inequality is rising but there seems to be no clear-cut effect on redistribution preferences, which is inconsistent with expectations of individual utility maximization. To explain this puzzle, recent research focuses on other-regarding motives. This study follows prior theorization...
Persistent link: https://www.econbiz.de/10012107524
We provide a characterization of the generalised satisfaction - in our terminology nondeprivation - quasi-ordering introduced by S.R. Chakravarty (Keio Economic Studies 34 (1997), 17-32) for making welfare comparisons based on the absence of deprivation. We show that the non-deprivation...
Persistent link: https://www.econbiz.de/10003800432
Persistent link: https://www.econbiz.de/10002424390
This paper aims to quantify the effects from migration on net income distributions, disentangling the roles played by factor reallocation and remittances, and focusing on two (primarily) destination countries (Spain and Italy) and two (primarily) origin countries (Jordan and Iraq). Using LIS-ERF...
Persistent link: https://www.econbiz.de/10012227808
This paper explores how support for radical right populist parties may be shaped by new measures of deprivation and inequality based on growth-incidence-curves, gauging growth in real household income across a country’s income deciles and calculating a given decile's gains relative to the...
Persistent link: https://www.econbiz.de/10011870122
We study the effect of power sharing over income redistribution among different socio-economic groups in a model of redistributive politics with fairness concern. We prove that a unique pure-strategy equilibrium exists under fairly general conditions; and we show that equilibrium transfers...
Persistent link: https://www.econbiz.de/10011563113
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/10003881719
Using survey data from the World Values Survey (WVS) and national-level statistics from various official sources, we explore how attitudes toward economic inequality are shaped by economic conditions across 24 Organization for Economic Cooperation and Development (OECD). Consistent with the...
Persistent link: https://www.econbiz.de/10011345752
Incomes in the poorest two quintiles on average increase at the same rate as overall average incomes. This is because, in a global dataset spanning 118 countries over the past four decades, changes in the share of income of the poorest quintiles are generally small and uncorrelated with changes...
Persistent link: https://www.econbiz.de/10009788629