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This paper investigates how two effects drive wedges between nominal and real inequality estimates. The effects are caused by (i) differences in the composition of consumption over the income distribution coupled with differential inflation of consumption items; and (ii) quantity discounting...
Persistent link: https://www.econbiz.de/10011411136
In this paper, we apply the first-order dominance (FOD) approach to assessing multidimensional welfare to analyse multidimensional poverty in Zambia in 1996, 2006, and 2010. In addition to evaluating welfare across time and space, we extend the methodology to evaluate welfare by rural...
Persistent link: https://www.econbiz.de/10011412515
A recent trend in the study of poverty is to consider a relative poverty line, one that is responsive to the nature of the income distribution. We develop an axiomatic approach to the determination of an amalgam poverty line. Given a reference income (e.g. the mean or the median), the amalgam...
Persistent link: https://www.econbiz.de/10010462538
This paper shows how distance functions, a tool typically employed in production economics to measure the distance between a set of inputs and a set of outputs, can be employed to approximate a composite measure encompassing the many dimensions of well-being. It also illustrates how to implement...
Persistent link: https://www.econbiz.de/10003095436
This essay outlines the exact definition of “Equality” and “Inequality” in economics. The discussion moves forward to review concepts of ranking of orderings and methodology of constructing Indices of Inequality with an emphasis on Lorenz Orderings. We also discuss the possibility of...
Persistent link: https://www.econbiz.de/10013117130
This paper explores four alternative indices for measuring health inequalities in a way that takes into account attitudes towards inequality. First, we revisit the extended concentration index which has been proposed to make it possible to introduce changes into the distributional value...
Persistent link: https://www.econbiz.de/10013120914
The study analyses district-level consumption inequality in Ghana, explores the relative contribution of within- and between-district inequalities to national inequality and examines the relationship between household poverty and inequality. The last three rounds of the Ghana Living Standard...
Persistent link: https://www.econbiz.de/10013096927
The aim of this paper is to propose an axiomatic characterization of an aggregate measure of growth that takes into account the initial economic conditions of individuals, through their position in the initial income distribution. The contribution of our work to the existing literature is...
Persistent link: https://www.econbiz.de/10013085384
This paper proposes a multidimensional procedure for jointly assessing the absolute and relative pro-poorness of growth. It is also a procedure for testing whether poverty comparisons can be made over classes of indices that incorporate both absolute and relative views of poverty. Besides being...
Persistent link: https://www.econbiz.de/10013091945
The interplay of between- and within-country inequality, the relative contribution of each to overall global inequality, and the implications this has for who benefits from recent global growth (and by how much), has become a significant avenue for economic research. However, drawing conclusions...
Persistent link: https://www.econbiz.de/10013071809