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Most of the literature on income distribution has concentrated on inequality. In this paper the authors introduce a concern for efficiency in a social welfare model. They propose a simple but useful specification which combines three features: (1) the selection of measurement instruments in the...
Persistent link: https://www.econbiz.de/10005290562
The 1990-91 household expenditures distribution in Spain dominates, in the relative ("rightist") Lorenz sense, the 1980-81 distribution, but the latter dominates the former in the absolute ("leftist") Lorenz sense. This situation constitutes a textbook case for intermediate or "centrist" notions...
Persistent link: https://www.econbiz.de/10005290680