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Family spending power
Carson, Jamie - EconWPA - 2005
Families with two or more adults have unadjusted incomes above the overall average because they have more potential earners. On the other hand, unattached individuals and lone parents have after-tax income averages just over half the overall average. Adjusting incomes to account for family size...
Persistent link: https://www.econbiz.de/10005134995
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Inequality and Segregation
Sethi, Rajiv; Somanathan, Rohini - EconWPA - 2001
This paper explores the manner in which race and income interact to determine patterns of residential location in metropolitan areas. We use a framework in which individuals care about both the level of affluence and the racial composition of their communities, and in which there are differences...
Persistent link: https://www.econbiz.de/10005135081
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Lobbying, Information Transmission, and Unequal Representation
Lagerlof, Johan; Frisell, Lars - EconWPA - 2004
his reputation for truthtelling, we show that the larger is the inequality, the less information can credibly be … transmitted to the policymaker. We also investigate the effects of inequality on welfare and discuss the welfare effects of …
Persistent link: https://www.econbiz.de/10005413244
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Spatial Price Differences in China: Estimates and Implications
Brandt, Loren; Holz, Carsten - EconWPA - 2005
in explaining such economic outcomes as inequality can lead to misinterpretations. Income should be adjusted for costs of …
Persistent link: https://www.econbiz.de/10005413246
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Wealth Inequality, Wealth Constraints and Economic Performance
Bardhan, Pranab; Bowles, Samuel; Gintis, Herbert - EconWPA - 1998
When asymmetry or non-verifiability of information, or non- excludability of users, makes contracts incomplete or unenforceable, and where for these and other reasons there are impediments to efficient bargaining, we show that private contracting will not generally assign the control of assets...
Persistent link: https://www.econbiz.de/10005134997
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Trade rules for uncleared markets
Kýbrýs, Özgür; Küçükþenel, Serkan - EconWPA - 2005
We analyze markets in which the price of a traded commodity is such that the supply and the demand are unequal. Under standard assumptions, the agents then have single peaked preferences on their consumption or production choices. For such markets, we propose a class of Uniform Trade rules each...
Persistent link: https://www.econbiz.de/10005561821
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Why Every Economist Should Learn Some Auction Theory
Klemperer, Paul - EconWPA - 2000
This is an Invited paper for the World Congress of the Econometric Society held in Seattle in August 2000. We discuss the strong connections between auction theory and "standard" economic theory, and argue that auction-theoretic tools and intuitions can provide useful arguments and insights in a...
Persistent link: https://www.econbiz.de/10005135125
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Inequality of the Distribution of Personal Wealth in Germany 1973-1998
Hauser, Richard; Stein, Holger - EconWPA - 2004
This paper attempts to define financial globalization as a process whereby financial markets internationally are integrated so closely that they can be considered as a single market. The process, viewed as a by- product of financial liberalization, is only a necessary condition for financial...
Persistent link: https://www.econbiz.de/10005135053
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Understanding New Zealand<92>s Changing Income Distribution 1983<96>98:A Semiparametric Analysis
Hyslop, Dean R.; Maré, David C. - EconWPA - 2004
This paper analyses changes in the distribution of equivalised gross household income and income inequality in New … these factors on alternative summary measures of inequality over the period. We find that changes in household structure and … in the socio-demographic characteristics of households are the main factors contributing to the rise in inequality, while …
Persistent link: https://www.econbiz.de/10005077068
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The Evolution of Wealth Inequality in Canada, 1984-1999
Morissette, Rene; Zhang, Xuelin; Drolet, Marie - EconWPA - 2004
evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has … increased between 1984 and 1999; 2) the growth in wealth inequality has been associated with substantial declines in real … reduce wealth inequality; 6) changes in permanent income do not explain a substantial portion of the growing gap between low …
Persistent link: https://www.econbiz.de/10005077085