Showing 1 - 10 of 2,190
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle in-come...
Persistent link: https://www.econbiz.de/10012231585
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle income...
Persistent link: https://www.econbiz.de/10012232795
Despite being considered by many to be harmful for society, inequality has been rising in the past decades. How people … experience the level of inequality may be different from the objective levels of inequality. In this literature review we … systematically revisit common elicitation methods of perceived inequality and find that they lead to quite different conclusions. Yet …
Persistent link: https://www.econbiz.de/10013216217
This paper explores, in the context of the Atkinson inequality measure, attempts to make interpretations of orders of … useful intuitive description for people who want some idea of what an inequality measure ‘actually means'. In contrast with … additional approach is to obtain the ‘pivotal income', above which a small increase for any individual increases inequality. The …
Persistent link: https://www.econbiz.de/10012115687
In the age of globalization, the question whether inequality in the world rose or fell down, is a hot topic. Leading … scholars in the field of economic inequality measurement developed methods to estimate empirically the distribution of welfare … no doubt that world inequality went down between the late 1970s and the late 1990s, has in fact calculated population …
Persistent link: https://www.econbiz.de/10010279136
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint...
Persistent link: https://www.econbiz.de/10011288530
presence of inequality, however, it deviates or refracts from the ideal condition. In this paper, I try to measure economic … inequality from the index of refraction. First, I compute such an index for each stratum to evaluate condition in each and then … add all to propose an overall measure of economic inequality, which appears to be a standardised measure of the length of …
Persistent link: https://www.econbiz.de/10011525663
Index of refraction is found to be a good measure of economic inequality within the Lorenz curve framework. It has …. While an index value of less than 1.00 represents an ‘anomalous refraction' in optics, such a condition of inequality …
Persistent link: https://www.econbiz.de/10011525674
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint...
Persistent link: https://www.econbiz.de/10010459794
addressing this challenge and providing methods for ethical poverty, welfare, and inequality comparisons with univariate ordered …
Persistent link: https://www.econbiz.de/10012650402