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Standard income inequality indices can be interpreted as a measure of welfare loss entailed in departures from equality of outcomes, for egalitarian social welfare functions defined on the distribution of outcomes. But such a welfare interpretation has been criticized for a long time on the...
Persistent link: https://www.econbiz.de/10011641764
one following the COVID-19 pandemic, on income inequality and the risk of poverty in Greece. To this end, we also … distribution, we show that income inequality and the risk of poverty increase with growth, implying that the benefits of growth …
Persistent link: https://www.econbiz.de/10014321081
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The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
(equivalent to over 93 percent of the world population) from 1950 to 2014. Our results produce strong evidence for a positive …
Persistent link: https://www.econbiz.de/10012964049
Theoretical models of the Kuznets Curve have been purely analytical with little contribution towards an understanding of the timing of the process and the presence of additional mechanisms affecting its timing. This paper proposes an agent-based version of Acemoglu and Robinson's model of the...
Persistent link: https://www.econbiz.de/10012057437
inequality measure and it has problematic implications for world growth. Empirical tests for b-convergence are so weak that b … of convergence at the world level, opposite trends in convergence in various regions of the world, and a fairly low level …
Persistent link: https://www.econbiz.de/10014119226
This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice … distributive justice from fiscal data and the estimated coefficients of a probit regression. Using this formula and data from a … 1998 Gallup Social Audit, we find that on average the monetary value of justice for US households amounts to about one …
Persistent link: https://www.econbiz.de/10003526223