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probability using 1960–2015 cross-country data, focusing on the roles of income distribution or inequality and aging. It is found … that: (1) both the level of, and the change in, inequality are important drivers of MIT, with surprisingly large impacts …
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societal income inequality, poverty, polarization and societal segmentation are examined. What emerges for the Eurozone as an … behaviour. However, in the face of increasing overall Eurozone inequality, constituent nations were becoming increasingly …
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presence of inequality, however, it deviates or refracts from the ideal condition. In this paper, I try to measure economic … inequality from the index of refraction. First, I compute such an index for each stratum to evaluate condition in each and then … add all to propose an overall measure of economic inequality, which appears to be a standardised measure of the length of …
Persistent link: https://www.econbiz.de/10011525663
Understanding the exact connection between inequality and justice is important because justice is classically regarded … as the first line of defense against self-interest and inequality. Absent a strong and clear link between inequality and … justice, the sense of justice would not awaken to exert its moral suasion, no matter how great the inequality or how fast its …
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We propose a general framework to unambiguously compare distributions functions in an economically interpretable way. Our framework provides complete ranking of any set of distributions and money metric interpretation of the social welfare level of a dominating distribution as compared to a...
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