Showing 31 - 40 of 3,621
This paper investigates distributive justice using a fourfold experimental design: The ignorance and the risk scenarios are combined with the self-concern and the umpire modes. We study behavioral switches between self-concern and umpire mode and investigate the goodness of ten standards of...
Persistent link: https://www.econbiz.de/10005765215
Mandelbrot (1961) proposed to apply the class of Pareto-Levy distributions - which belong to the Stable distributions - as a framework for modelling income distributions. He also presented theoretic arguments in favor of the Pareto-Levy distributions. In this paper we provide additional...
Persistent link: https://www.econbiz.de/10004980533
Persistent link: https://www.econbiz.de/10005001390
We study changes of the distribution of income, age, occupation, household size via their marginal and conditional densities. The data consists of cross sectional samples from the population of Brithish households drawn over the years of 1968 - 1995. Estimation is carried out nonparametrically...
Persistent link: https://www.econbiz.de/10005001463
Empirical evidence suggests that there has been a divergence over time in income distributions across countries and within countries. In this paper we study a simple dynamic general equilibrium model of technology adoption which is consistent with these stylized facts. In our model, growth is...
Persistent link: https://www.econbiz.de/10005181695
We propose a simple measure of beta-convergence which is not subject to Galton's fallacy. We illustrate our measure with OECD data for the period 1950-1988. We find evidence of sigma-convergence but little or no indication of beta-convergence over the period.
Persistent link: https://www.econbiz.de/10005207365
The current study applied five formulas for distributing parental incomes at divorce to 414 court case records in Minnesota and evaluated which formulas and actual court orders provided sufficient incomes for male and female-headed households. The study further explored influences of pre-divorce...
Persistent link: https://www.econbiz.de/10005680795
This paper presents a unified theory that provides an intertemporal reconciliation between conflicting viewpoints about the effect of inequality on economic growth. It argues that the replacement of physical capital accumulation by human capital accumulation as a prime engine of economic growth...
Persistent link: https://www.econbiz.de/10005666981
This paper uses the data gained from an income categorization experiment for five shapes of income distributions to investigate background context effects, relative deprivation, range-frequency theory to explain back- ground context effects, individual income satisfaction versus aggregate well-...
Persistent link: https://www.econbiz.de/10005082825
Using an experiment with material incentives, this paper investigates the violation of composite dominance relationships, viz. absolute Pareto dominance, Pareto rank dominance, transfer dominance, Lorenz dominance, and generalized Lorenz dominance. Moreover, we test tail independence. The...
Persistent link: https://www.econbiz.de/10005082852