We propose a characterisation of an aggregate measure of growth that takes into account the initial economic conditions of individuals. Our measure is a weighted average of individual income growth with weights that are decreasing with the rank of the individual in the initial income...

This paper develops a criterion of opportunity equalization, that is consistent with theoretical views of equality of opportunity. Our analysis rests on the characterization of inequality of opportunity as a situation where some groups in society enjoy an illegitimate advantage. In this context,...

Extending the traditional income poverty concept by multidimensional poverty has been of growing interest within the last years. This paper contributes with an analysis of interdependent multidimensional (IMD) poverty intensity of time and income, which in particular restricts social...

This paper seeks to extend the unidimensional notion of Lorenz dominance to the multidimensional context. It formulates a definition of a multidimensional Lorenz dominance relation (MLDR) on the set of alternative distributions of well-being in an economy by incorporating generalizations of the...

We perform the first comprehensive fiscal incidence analyses in Brazil and the US, including direct cash and food transfers, targeted housing and heating subsidies, public spending on education and health, and personal income, payroll, corporate income, property, and expenditure taxes. In both...

Are macroeconomic factors such as income inequality the real root causes of financial crises? We explore a variety of financial and macroeconomic variables to find the most reliable predictors for financial crises in 14 developed countries over a period of more than 100 years. Our results, based...

Bennett and Hatzimasoura (2011) derive a new class of poverty measures suitable for ordinal variables. These indices are weighted sums of the population probabilities of attaining each state of the ordinal variable which is below the poverty line. The weights are uniquely determined by the...

Social evaluation functions used in policy impact analysis can be viewed as real-valued functionals of the underlying outcome distributions. Influence functions may be used to identify the sources of variation in social outcomes in terms of individual or household characteristics. This paper...

In this paper, we measure the effect of changing capital income shares upon inequality of gross household income. Using EU-SILC data covering 17 EU countries from 2005 to 2011 we find that capital income shares are positively associated with the concentration of gross household income. Moreover,...

This document provides recent evidence about the persistency of wage gaps between formal and informal workers in Colombia. The methodology is based on a non-parametric procedure proposed by Nopo (2008a) that allows us to compare labor incomes using matching on variables over a Nationwide...