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A Theory for Ranking Distribution Functions

Aaberge, Rolf; Havnes, Tarjei; Mogstad, Magne - 2013

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

The gap between the conditional wage distributions of incumbents and the newly hired employees: Decomposition and uniform ordering

Maasoumi, Esfandiar; Pitts, M. Melinda; Wu, Ke - 2014

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

A theory for ranking distribution functions

Aaberge, Rolf; Havnes, Tarjei; Mogstad, Magne - 2014

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

The conditional influence of poverty, inequality and severity of poverty on economic growth in Sub-Saharan Africa

Asongu, Simplice; Eita, Joel Hinaunye - 2023

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

Did the "Bologna Process" Achieve Its Goals? 20 Years of Empirical Evidence on Student Enrolment, Study Success and Labour Market Outcomes

Kroher, Martina; Leuze, Kathrin; Thomsen, Stephan L.; … - 2021

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

Insurance, redistribution, and the inequality of lifetime income

Haan, Peter; Kemptner, Daniel; Prowse, Victoria; … - 2023

productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …

Persistent link: https://www.econbiz.de/10014480488

Heterogeneous life-cycle profiles, income risk and consumption inequality

Primiceri, Giorgio E.; van Rens, Thijs - 2007

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

Risk and Inequality in a Social Decision Making Experiment

Rohde, Ingrid M.T.; Rohde, Kirsten I.M. - 2012

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

Dynamics of income rank volatility: Evidence from Germany and the US

Chauvel, Louis; Hartung, Anne; Palmisano, Flaviana - 2017

This paper presents a methodology for comparing income rank volatility profiles over time and across distributions. While most of the existing measures are affected by changes in marginal distributions, this paper proposes a framework that is based on individuals' relative positions in the...

Persistent link: https://www.econbiz.de/10011748468

Insurance, redistribution, and the inequality of lifetime income

Haan, Peter; Kemptner, Daniel; Prowse, Victoria - 2017

lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and-transfer system … risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime …

Persistent link: https://www.econbiz.de/10011784169