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In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical judgements of income distributions. The sole parameter ε of this function expresses a society’s aversion to inequality. However, the profession has not committed to the...
Persistent link: https://www.econbiz.de/10012887975
Using new cross-country survey and experimental data, we investigate if it is possible to increase people's support for the national government to address inequality through redistribution by providing them with information about inequality and social mobility in their country. We test this by...
Persistent link: https://www.econbiz.de/10012929983
With respect to the official thresholds of development in terms of GNI per capita, all developing countries have made remarkable progress; between 1987 and 2015 the number of Low Income Countries has decreased from 42 to 31, while that of High Income Countries has increased from 25 to 79. This...
Persistent link: https://www.econbiz.de/10012930499
We consider 134 countries during the period 1984-2019 and find a significant positive relation between Rule of Law (law and order provided by police and courts, respect for private property rights) and GDP per capita. Notably, this positive relation is getting stronger with time. This positive...
Persistent link: https://www.econbiz.de/10013251673
Well-being is increasingly viewed as a multidimensional phenomenon, of which income is only one facet. In this paper I focus on another one, health, and look at its synthetic measure, life expectancy at birth, and its relationship with per capita income. International trends of life expectancy...
Persistent link: https://www.econbiz.de/10013170892
It is well known from nonlinear aggregation theory that cross-sectional distributions play a central role in the determination of aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by applying a log-linear aggregation method to a...
Persistent link: https://www.econbiz.de/10014356855
This study reexamines the relationship between economic growth and inequality, challenging the conventional view that regards inequality solely as an impediment to development. While recognizing the essential role of economic growth in development plans, our analysis extends beyond this...
Persistent link: https://www.econbiz.de/10014445740
Persistent link: https://www.econbiz.de/10009621388
This paper proposes a method for detecting income classes based on the change-point problem. There is an increasing demand for such a method in the literature. Computation of polarization indices requires a pre-grouping of the incomes. Similarly, indices of social exclusion and sometimes indices...
Persistent link: https://www.econbiz.de/10011437377
The evolution of the ratio of direct taxation (characterized by progressive rates) over indirect and payroll taxation (characterized by flat rates) is examined together with its distributional consequences for the Bottom 50%, Middle 40% and Top 10% shares of income. Oscillations of this ratio...
Persistent link: https://www.econbiz.de/10011913675