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In seeking to understand inequality today, a great deal can be learned from history. However, there are few countries … for which the long-run development of income inequality has been charted. Many countries have records of incomes, taxes … and social support. This paper presents a new methodology constructing income inequality indices from such data. The …
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We propose a general framework to unambiguously compare distributions functions in an economically interpretable way. Our framework provides complete ranking of any set of distributions and money metric interpretation of the social welfare level of a dominating distribution as compared to a...
Persistent link: https://www.econbiz.de/10010402566
This paper is concerned with the question of whether top income earners are permanently there or only temporarily receive the highest incomes. How much mobility is there at the top of the income distribution, and how has mobility changed over time? The paper makes both a methodological and an...
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When is one distribution (of income, consumption, or some other economic variable) more equal or better than another? This question has proven difficult to answer in situations where distribution functions intersect and no unambiguous ranking can be attained without introducing weaker criteria...
Persistent link: https://www.econbiz.de/10010212989
This chapter examines different approaches to the measurement of multidimensional inequality and poverty. It first … treatment in poverty measurement. Finally, it reviews the axiomatic approach to inequality analysis. The chapter also provides a …
Persistent link: https://www.econbiz.de/10014025348