Statistical Inference for 2 Measures of Inequality when Incomes are Correlated.

This paper derives the asymptotic normality of the distribution of difference in the Atkinson/Kolm and generalised entropy inequality measures when incomes are correlated. We illustrate the procedure by calculating the difference in inequality before and after tax in Ireland. Our empirical results suggest that the positive correlation between incomes before and after taxes substantially reduces the variance of the estimated difference in equality.

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Year of publication:	1998-10
Authors:	Dirk, Van de gaer ; Funnell, Nicola ; McCarthy, Tom
Institutions:	Department of Economics, National University of Ireland

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Extent:	application/pdf
Series:	Economics, Finance and Accounting Department Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	13 pages
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005198256