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addressing this challenge and providing methods for ethical poverty, welfare, and inequality comparisons with univariate ordered …
Persistent link: https://www.econbiz.de/10012650402
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating …
Persistent link: https://www.econbiz.de/10012231585
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating …
Persistent link: https://www.econbiz.de/10012232795
variables over the period 1970 to 2013. For the baseline simulation, the welfare gain for capital owners is 3.7% of per …-period consumption while workers suffer a welfare loss of 1.4%. Using counterfactual simulations, we find that both groups could have …
Persistent link: https://www.econbiz.de/10011343080
Inequality, bi-polarization and polarization are related but distinct concepts aiming at analysing the income … distribution. This paper first recalls the main differences between these three notions of inequality, bipolarization and …, in the case of the so-called zero income Shapley decomposition, inequality in Luxembourg is strongly related to income …
Persistent link: https://www.econbiz.de/10009747421
While most studies on wealth inequality focus on the inequality between households, this paper examines the …
Persistent link: https://www.econbiz.de/10013074897
degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in …
Persistent link: https://www.econbiz.de/10011801783
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element … of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus …, measures of inequality that ignore intrahousehold allocations are both incomplete and misleading. We discuss determinants of …
Persistent link: https://www.econbiz.de/10014025329
Using longitudinal data from PSID, we show the positive relation between labor income and the equity share of financial wealth is stronger for those who have a higher persistence in shocks to permanent labor income. The results support the hypothesis that the cross sectional variation in...
Persistent link: https://www.econbiz.de/10013024082
Persistent link: https://www.econbiz.de/10001641974