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Suppose that all people in the world are allocated only two characteristics: country where they live and social class … income position (percentile in world income distribution) is explained by only these two pieces of information. Mean country …
Persistent link: https://www.econbiz.de/10014050056
economic effects. The financial crisis that hit the world economy in 2008-2009 has transformed the lives of many individuals … financial system continue around the world, the challenge for policy makers is to incorporate the lessons from the failures to …
Persistent link: https://www.econbiz.de/10012973780
Over the past decade (2003-12), Latin America has experienced strong income growth and a notable reduction in income inequality, with the region's Gini coefficient falling from 55.6 to 51.8. Previous studies have warned about the sustainability of such a decline, and this paper presents evidence...
Persistent link: https://www.econbiz.de/10012972332
As the financial crisis has spread through the world, the lack of real-time data has made it difficult to track its …
Persistent link: https://www.econbiz.de/10012976567
Using for the first time survey data from 26 post-Communist countries, covering the period 1990-2005, the paper examines correlates of unprecedented increases in inequality registered by most of these economies. We find that, after controlling for country-fixed effects and type of survey used,...
Persistent link: https://www.econbiz.de/10014219719
In Africa, evidence on the interactions among poverty, growth, and income distribution presents a puzzle: While growth has been robust in recent decades, the growth elasticity of poverty has remained low. This suggests that inequality has dampened the pro-poor effects of growth. However, when...
Persistent link: https://www.econbiz.de/10014083382
The paper uses the data from Francois Quesnay's writings to derive a social table for pre-revolutionary France, estimate country's mean income and income distribution. These Quesnay-based estimates are compared with more recent estimates of 18th century French incomes and inequality
Persistent link: https://www.econbiz.de/10013134807
Consumption baskets vary across households and inflation rates vary across goods. As a result, standard consumer price index (CPI) inflation may provide a misleading measure of the inflation actually faced by poor households, more so the more unequal the distribution of aggregate consumption...
Persistent link: https://www.econbiz.de/10014060101
The degree of mobility in incomes is often seen as an important measure of the equality of opportunity in a society and of the flexibility and freedom of its labor market. But estimation of mobility using panel data is biased by the presence of measurement error and non-random attrition from the...
Persistent link: https://www.econbiz.de/10014061842
We analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing social welfare into real income level and variance components and emphasizing Gini and Atkinson indexes. We embed these inequality adjusted social welfare functions in a...
Persistent link: https://www.econbiz.de/10014061963