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This paper is an assessment of the approach suggested by Gary Fields for measuring inequality in an economy with high-income sector enlargement. This approach describes the change in inequality according to a U-pattern, instead of the inverted U-pattern described by other indices. We argue that...
Persistent link: https://www.econbiz.de/10005729309
In this paper, we present graphical and quantitative evidence on the important role played by changes in labor market institutions on the rise in wage inequality in the United States during the 1980s. We show that the decline in the real value of the minimium wage and in the rate of unionization...
Persistent link: https://www.econbiz.de/10005729590
This paper revisits Diamond’s classical impossibility result regarding the ordering of infinite utility streams. We show that if no representability condition is imposed, there do exist strongly Paretian and finitely anonymous orderings of intertemporal utility streams with attractive...
Persistent link: https://www.econbiz.de/10005729634
In practice we often face the problem of assigning indivisible objects (e.g., schools, housing, jobs, offices) to agents (e.g., students, homeless, workers, professors) when monetary compensations are not possible. We show that a rule that satisfies consistency, strategy-proofness, and...
Persistent link: https://www.econbiz.de/10005729676
Intertemporal social-evaluation rules provide us with social criteria that can be used to assess the relative desirability of utility distributions across generations. The trade-offs between the well-being of different generations implicit in each such rule reflect the underlying ethical...
Persistent link: https://www.econbiz.de/10005729702
We analyze infinite-horizon choice functions within the setting of a simple linear technology. Time consistency and efficiency are characterized by stationary consumption and inheritance functions, as well as a transversality condition. In addition, we consider the equity axioms Suppes-Sen,...
Persistent link: https://www.econbiz.de/10005729757
We study the construction of a social ordering function for the case of a public good financed by contributions from the population, and we extend the analysis of Maniquet and Sprumont (2004) to the case when contributions cannot be negative, i.e. agents cannot receive subsidies from others.
Persistent link: https://www.econbiz.de/10005729796
This paper examines several families of population principles in the light of a set of axioms. In addition to the critical-level utilitarian, number-sensitive critical-level utilitarian and number-dampened families and their generalized counterparts, we consider the restricted number-dampened...
Persistent link: https://www.econbiz.de/10005729818
Public policies often involve choices of alternatives in which the size and the composition of the population may vary. Examples are the allocation of resources to prenatal care and the design of aid packages to developing countries. In order to assess the corresponding feasible choices on...
Persistent link: https://www.econbiz.de/10005729836
Two essential intuitions about the concept of multidimensional inequality have been highlighted in the emerging body of literature on this subject: first, multidimensional inequality should be a function of the uniform inequality of a multivariate distribution of goods or attributes across...
Persistent link: https://www.econbiz.de/10005730367