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We consider an infinite-horizon inter-generational economy with identical agents differing only in their inherited wealth and with a constant-returns-to-scale technology using capital and labour (called "effort") and displaying a purely idiosyncratic risk. If effort is contractible, full...
Persistent link: https://www.econbiz.de/10010746576
inequality. We estimate this parameter using four large cross-sectional surveys of subjective happiness and two panel surveys …
Persistent link: https://www.econbiz.de/10011071383
mobility is negatively correlated with inequality and the return to education but positively correlated with a nation …
Persistent link: https://www.econbiz.de/10011126209
Temkin (1986,1993) sets out a philosophical basis for the analysis of income inequality that provides an important … axiomatic structure and we use this structure to derive a new class of inequality indices and an inequality ordering. This class … of indices has a family relationship to well-known measures of inequality, deprivation and poverty. The ordering is shown …
Persistent link: https://www.econbiz.de/10010884654
flavours include inequality, risk, social welfare and justice. The issue of personal involvement in the distributional …
Persistent link: https://www.econbiz.de/10011071116
Using a simple axiomatic structure we characterise two classes of inequality indices - absolute and relative - that …
Persistent link: https://www.econbiz.de/10011071500
Recent insights from the philosopher Larry Temkin have suggested a new basis for the measurement of income inequality …
Persistent link: https://www.econbiz.de/10011071517
Inequality measurement involves explicit or implicit value judgements. The subjective approach to inequality …
Persistent link: https://www.econbiz.de/10010928600
This article provides a brief overview of the key issues in inequality measurement and has been prepared for inclusion …
Persistent link: https://www.econbiz.de/10010928769
It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the...
Persistent link: https://www.econbiz.de/10010928778