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Similar looking Lorenz Curves can imply very different income density functions and potentially lead to wrong policy implications regarding inequality. This paper derives a relation between a Lorenz Curve and the modality of its underlying income density: Given a parametric Lorenz Curve, it is...
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How to fight petty day-to-day corruption is a question often debated by politicians, by the public and in the economic literature. Early studies have noted that a simple and well-known way to fight day-to-day corruption is to create competition among corrupt officials. This paper shows that even...
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The emergence and growth of cities are shaped by both geographical features and institutional factors. We are able to analyze their interplay at different levels of the urban hierarchy by exploiting a unique data set on cities in imperial China from 221 BCE to 1911 CE, a geographically diverse...
Persistent link: https://www.econbiz.de/10013242529
Not everybody is benefiting equally from rising mean incomes. We discuss the mean-income population share (MPS), defined as the population share earning less than the mean income, as an indicator of how representative the mean income is for the mass of the population. This measure is both...
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