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The Gini coefficient features prominently in Amartya Sen's 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from socialpsychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We...
Persistent link: https://www.econbiz.de/10012648303
Recent insights from the philosopher Larry Temkin have suggested a new basis for the measurement of income inequality, founded on the notion of individual complaints about income distribution. Under certain specifications of the relationship between complaints and personal incomes it can be...
Persistent link: https://www.econbiz.de/10012751548
In this paper, we demonstrate how age-adjusted inequality measures can be used to evaluate whether changes in inequality over time are due to changes in the age structure. To this end, we use administrative data on earnings for every male Norwegian during 1967-2000. We find that the substantial...
Persistent link: https://www.econbiz.de/10013316148
This paper considers a partitioned population and develops a decomposition of the Gini index in two components, which measure the within and the between groups inequality. Differently from the most widespread inequality measure decompositions, having a between component that compares the means...
Persistent link: https://www.econbiz.de/10013321928
In this paper we compute inequality measures over the distribution of a subjective well-being variable constructed from a life satisfaction question included in the Gallup World Poll in almost all countries in the world. We argue that inequality in subjective well-being may be a better proxy for...
Persistent link: https://www.econbiz.de/10011714455
In this paper, we use the World Income Inequality Database to assess the main trends in inequality within countries since around 1990. We cope with the heterogeneity in the original information (regarding the measure of resources, equivalence scale, etc.) by focusing on the trends rather than on...
Persistent link: https://www.econbiz.de/10012285431
The socioeconomic impact of spatial concentration has been receiving an increasing attention during the last two decades. Consequently, the necessity of effective measures of this phenomenon has increased too. This paper considers a population partitioned by subgroups and develops a...
Persistent link: https://www.econbiz.de/10012301102
The arguments that the alarming level of Gini coefficient is 0.4 are widely reported. However, to the authors' knowledge, it is not based upon any rigid economic theories. In this paper, they show that Rawls' fairness is compatible with the standard model of competitive markets. This finding...
Persistent link: https://www.econbiz.de/10011723859
This paper presents the global income distribution between all individuals living in the developed world. Global inequality for the group of high-income countries, as measured by the Gini coefficient, stands at 37 in 2013 and has increased by almost 3 Gini points since the mid-1990s. This was...
Persistent link: https://www.econbiz.de/10011700555
As embodied in the concept of "inequality extraction" (Branko Milanovic), it is not possible to increase inequality (especially income inequality) in a society sustainably to levels beyond what is actually socially acceptable (and even less to levels endangering physical subsistence of parts of...
Persistent link: https://www.econbiz.de/10011644643