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The analysis of inequality is placed in the context of recent developments in economics and statistics.
Persistent link: https://www.econbiz.de/10005540543
Several empirical regularities motivate most theories of the distribution of labor earnings. Earnings distributions tend to be skewed to the right and display long right tails. Mean earnings always exceed median earnings and the top percentiles of earners account for quite a disproportionate...
Persistent link: https://www.econbiz.de/10005540544
Persistent link: https://www.econbiz.de/10005540545
This chapter reviews the evidence on cross-national comparisons of annual disposable income inequality in over 20 wealthy nations. We begin by reviewing a number of conceptual and measurement issues which must be addressed by any cross-national comparison of survey-based household income data....
Persistent link: https://www.econbiz.de/10005540546
This paper is a review of the post-war literature on income distribution and development. It argues that the literature has cycled from one consensus to another, responding to emerging policy issues and new analysis. On the basis of the review, the paper identifies five areas that will command...
Persistent link: https://www.econbiz.de/10005540547
This chapter reviews various interactions between the distribution of income across individuals and factors of production on the one hand, and aggregate savings, investment, and macroeconomic growth on the other. Tractable models necessarily focus on specific causal channels within this complex...
Persistent link: https://www.econbiz.de/10005540548
Income and wealth inequality rose over the first 150 years of US history. They rose in Britain before 1875, especially 1740-1810. The first half of the 20th century equalized pre-fisc incomes both in Britain and in America. From the 1970s to the 1990s inequality rose in both countries, reversing...
Persistent link: https://www.econbiz.de/10005540549
Persistent link: https://www.econbiz.de/10005540550
This chapter reviews definitional issues that arise in assessing the extent of, and change in, poverty in western industrialized countries, including the choice of resource, level of poverty line and appropriate adjustments for the size and type of the income-sharing unit. The chapter also...
Persistent link: https://www.econbiz.de/10005540551
Annotation, What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues
Persistent link: https://www.econbiz.de/10012254783