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Starting from the axiomatisation of polarisation contained in Esteban and Ray (1994) and Chakravarty and Majumdar (2001) we investigate wheather paople's perceptions of income polarisation is consistent with the key axioms. This is carried out using a questionnaire-experimental approach that...
Persistent link: https://www.econbiz.de/10005822085
public good is pure, any given, positive level of income inequality can be shown to be socially excessive by suitably … redistribution from the rich to the poor will improve social welfare, regardless of how small inequality is in the status quo. …
Persistent link: https://www.econbiz.de/10005822299
outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased …
Persistent link: https://www.econbiz.de/10011242249
including net imputed rent in the tax base might affect inequality in each of the countries considered. Housing taxation appears … to be a promising avenue for raising additional revenues, or lightening taxation of labour, with no inequality …
Persistent link: https://www.econbiz.de/10011147649
measured by increased in real consumption expenditures. Inequality during 1993-99 improved slightly, but it has remained fairly … stable from the 1950s to the 1990s. There is little or not correlation between growth and inequality, and no strong … correlation between inequality and poverty, and no significant correlation between poverty and race. …
Persistent link: https://www.econbiz.de/10011213085
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …
Persistent link: https://www.econbiz.de/10011255579
This module illustrates how Generalised Lorenz (GL) Curves can be used to identify the best income distribution on social welfare grounds, within a set of alternative income distributions generated by different policy options, in many of the cases where ordinary Lorenz curves fail to work After...
Persistent link: https://www.econbiz.de/10011257958
We model the evolution of age-dependent personal income distribution and inequality as expressed by the Gini ratio. In … our framework, inequality is an emergent property of a theoretical model we develop for the dynamics of individual incomes … in the Gini ratio since 2000. In the youngest age group (from 15 to 24 years), however, the level of income inequality …
Persistent link: https://www.econbiz.de/10011259180
The Inequality Process (IP) is a particle system model similar to that of the Kinetic Theory of Gases. The IP is a …
Persistent link: https://www.econbiz.de/10011259327
The paper discusses the ∪-shaped relationship between the equivalence scale n^ε and the Gini index instead of considering the equivalence scale’s relationship to the generalised entropy measures, which was studied by Coulter, et al. (1992). An end-point condition is given for the ∪-shaped...
Persistent link: https://www.econbiz.de/10011259680