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A large body of literature is devoted to the measurement of income inequality, yet little attention is given to the question, Why measure inequality? However, the reasons for measurement bear importantly on whether and how measurement should be done. Upon examination, normative measures are...
Persistent link: https://www.econbiz.de/10005711590
This paper provides a welfare analysis of trade liberalization based upon the moral principles of utilitarianism. The history of the moral philosophy of utilitarianism is described including its introduction into what became known as Cambridge welfare economics. The differences between this...
Persistent link: https://www.econbiz.de/10005585681
In the real world many social and economic decisions have to be made with imperfect information and uncertainty. In the past two decades, economists and mathematicians have devoted a great deal of time and effort into the study of ambiguity and much progress has been made in modeling ambiguity....
Persistent link: https://www.econbiz.de/10010659041
Current estimates of global poverty vary substantially across studies. In this paper we undertake a novel sensitivity analysis to highlight the importance of methodological choices in estimating global poverty. We measure global poverty using different data sources, parametric and nonparametric...
Persistent link: https://www.econbiz.de/10009369432
We analyze the performance of kernel density methods applied to grouped data to estimate poverty (as applied in Sala-i-Martin, 2006, QJE). Using Monte Carlo simulations and household surveys, we find that the technique gives rise to biases in poverty estimates, the sign and magnitude of which...
Persistent link: https://www.econbiz.de/10005826163
This paper introduces a new Lorenz dominance criterion that allows ranking income distributions according to centrist measures à la Seidl and Pfingsten (1997). In doing so, it defines a-Lorenz curves by adapting the generalized Lorenz curves to this case. In addition, it provides an empirical...
Persistent link: https://www.econbiz.de/10010902164
The past decade has seen major reforms to the design of Australia’s tax system. This paper outlines these reforms and … Australia prior to the July 2000 (ANTS) reforms (which included the introduction of a 10% GST), no comprehensive estimates of …
Persistent link: https://www.econbiz.de/10005328363
An important group of interest for industrial tribunals in Australia is those workers who are reliant on awards for … by the lack of good quality microdata. Most obviously, there are relatively few data sets in Australia that identify the …
Persistent link: https://www.econbiz.de/10009228771
countries – Australia, Britain, Germany and the United States – and estimate measures of permanent income inequality that are … annual post-government income inequality across countries, the ranking was the US, Australia, Britain, Germany; (3) comparing … recent year was the US, Australia, Germany, Britain; (4) in the most recent year, the most mobile country was Australia …
Persistent link: https://www.econbiz.de/10008511760
incomes. Applying this method to Australia, I develop a new annual series for inequality from 1942-2000. Inequality fell in …
Persistent link: https://www.econbiz.de/10004977278