Showing 1 - 10 of 15
We examine the cardinal gap between wage distributions of the incumbents and newly hired workers based on entropic distances that are well-defined welfare theoretic measures. Decomposition of several effects is achieved by identifying several counterfactual distributions of different groups....
Persistent link: https://www.econbiz.de/10011310193
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/10011335590
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/10010329031
Poverty and inequality represent major policy syndromes that are relevant in the achievement of most United Nations' sustainable development goals (SDGs) in sub-Saharan Africa, while economic growth is also essential for the achievement of attendant SDGs. The present study extends existing...
Persistent link: https://www.econbiz.de/10014549258
years later, we examine whether these goals were met by reviewing quantitative articles from sociology and economics. We …
Persistent link: https://www.econbiz.de/10012882333
individual perspective, but also from a societal one. Many increases in social risk involve a simultaneous increase in risk and … inequality. This paper presents an experiment which disentangles concerns for risk and inequality in a social risk context … terms of dispersion. We disentangle four types of dispersion: ex ante inequality, ex post inequality, individual risk, and …
Persistent link: https://www.econbiz.de/10010326431
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...
Persistent link: https://www.econbiz.de/10010276396
Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...
Persistent link: https://www.econbiz.de/10010278751
relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security … system. We find that mortality risk, when negatively correlated with entitlements, significantly lowers subjects’ willingness …
Persistent link: https://www.econbiz.de/10013266642
This paper builds an empirical and theoretical model to analyze how the financial goal of risk reduction changed the … business and culture of cinema. If the evolution of Hollywood's star system is shaped by broader social factors, risk reduction … was a factor in this period of risk reduction. Film casting assists risk reduction when a star system is built on …
Persistent link: https://www.econbiz.de/10012793229