a speech before the Greater Omaha Chamber of Commerce, Omaha, Nebraska

We analyse statistical inference for top income shares in finite samples. The asymptotic inference performs poorly even in large samples. The standard bootstrap tests give some improvement, but can be unreliable. The semi-parametric bootstrap approach is accurate in moderate and larger samples.

My presentation deals with income distribution, social cohesion and value structure. Assuming that the future work of the Fiscal Council will also involve consultations with institutions that deal with forecasts for the macroeconomic path, I trust that during these consultations the forecasts of...

This paper contributes to understand the microeconomic determinants of household income dynamics in poverty and inequality in Chile during the 90’s . We use a microsimulation based on the decomposition of distributional changes, developed by Bourguignon et.al. (2000). We estimate a...

The effect of a widening of the distribution of income upon society's choice of the amount of redistribution is a balancing of two opposing forces: the increase in redistribution in response to the increased ratio of mean to median income and the decrease in response to the greater advertising...

Twenty-five years ago, the FGT class of decomposable poverty measures was introduced in Foster, Greer, and Thorbecke [54]. The present study provides a retrospective view of the FGT paper and the subsequent literature, as well as a brief discussion of future directions. We identify three...

According to the EU Regulation on European Statistics on Income and Living Conditions (EU-SILC), Italy will provide household gross income statistics starting from survey year 2007. Since in Italy both survey and fiscal data are used for the construction of the EU-SILC target variables, for the...

We propose and characterize a generalization of the classical linear index of individual deprivation based on income shortfalls. Unlike the original measure, our class allows for increases in the income of a higher-income individual to have a stronger impact on a person’s deprivation the...

The purpose of this paper is to provide a coherent framework to explain the unusual phenomena of employment, real wage, and profit share observed in industrialised economies since the 1980s, in relation to the speed of demand saturation. To this end, we use a multisectoral model including...

Individual perceptions of income distribution play a vital role in political economy and public finance models, yet there is little evidence regarding their origins or accuracy. This study examines how individuals form these perceptions and explores their potential impact on preferences for...