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We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...
Persistent link: https://www.econbiz.de/10010423769
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...
Persistent link: https://www.econbiz.de/10010462001
The effects of ethnic geography, i.e., the distribution of ethnic groups across space, on economic, political and social outcomes are not well understood. We develop a novel index of ethnic segregation that takes both ethnic and spatial distances between individuals into account. Importantly, we...
Persistent link: https://www.econbiz.de/10012930690
inequality. Using internationally comparable survey data, the empirical part of the paper documents that there is huge variation … in inequality perceptions both across and within countries as well as survey-years. Focusing on the association between … aggregate-level inequality measures and individuals' subjective perception of wage inequality, it turns out that there is both a …
Persistent link: https://www.econbiz.de/10013002442
wage differentials between 1978 to 2018. After adjusting for the measurement errors and excluding imputations, we find that … gender wage gaps among all workers narrowed by 4 log points more than is commonly reported, and that residual wage inequality … decreased by 6 log points more. The biases also exist in measures of wage gaps and residual inequality among full-time year …
Persistent link: https://www.econbiz.de/10014447666
respected and where in each approach the boundaries of individual responsibility are drawn. We compare the measurement of … inequality in well-being with the use of multidimensional inequality measures. We illustrate the general theoretical issues in …
Persistent link: https://www.econbiz.de/10014025349
Persistent link: https://www.econbiz.de/10012198960
Persistent link: https://www.econbiz.de/10012421156
Persistent link: https://www.econbiz.de/10012211754
I propose a method to decompose changes in income inequality into the contributions of policy changes, wage rate … apply this method to decompose the increase in income inequality in Germany from 2002 to 2011, a period that saw tax … inequality reducing effect as measured by the Mean Log Deviation and the Gini coefficient. For the Gini, these effects are offset …
Persistent link: https://www.econbiz.de/10011568532