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We argue that normative indices of multidimensional inequality do not only measure a distribution’s extent of inequity (i.e., the gaps between the better-off and the worse-off), but also its extent of inefficiency (i.e., the non-realized mutually beneficial exchanges of goods). We provide a...
Persistent link: https://www.econbiz.de/10010927727
Inequality is a multidimensional phenomenon though it is often discussed along a single dimension like income. This is also the case for the various decomposition approaches of inequality indices. In this paper we study one- and multidimensional indices on inequality on data for three large...
Persistent link: https://www.econbiz.de/10009131259
Inequality is a multidimensional phenomenon though it is often discussed along a single dimension like income. This is also the case for the various decomposition approaches of inequality indices. In this paper we study one- and multidimensional indices on inequality on data for three large...
Persistent link: https://www.econbiz.de/10010768987
Forgiveness is an ethical ideal that advocates that a fresh start should be conferred on those individuals who regret their past choices. Grounded on such a principle, Fleurbaey (2005) proposes the use of the equivalent endowment as the proper measure of the welfare loss experienced by those who...
Persistent link: https://www.econbiz.de/10010662643
According to Chateauneuf (1996), we compare some inequality criteria. We investigate their properties and characteristics. Then, following the approach that links different levels of deprivation with alternative values of social welfare, we look for a functional that evaluates the well-being of...
Persistent link: https://www.econbiz.de/10005043136
The absolute differentials ordering (ADO) and the relative differentials ordering (RDO) have been introduced as suitable alternative inequality criteria to Lorenz ordering (LO). We provide two new alternative proofs that ADO and RDO are sub-orderings of LO. Furthermore, we point out some...
Persistent link: https://www.econbiz.de/10005065323
The absolute differentials ordering (ADO)and the elative differentials ordering (RDO)have been introduced as suitable alternative inequality criteria to Lorenz ordering (LO).We provide two new alternative proofs that ADO and RDO are sub-orderings of LO.Furthermore, we point out some "paradoxical...
Persistent link: https://www.econbiz.de/10005634144
preserve their positive growth differential vis-à-vis the EU-28, Russia and Ukraine are facing a deterioration of their … years after the fall of the Iron Curtain, the current crisis in relations between Russia and the West is evolving into a … year. In Russia, the costs of the conflict are estimated to be to the tune of about 1% of GDP, primarily on account of …
Persistent link: https://www.econbiz.de/10011019991
2015. The decline in world market prices for energy carriers will negatively affect both Kazakhstan and Russia, with real … heavily on exports to Russia and Ukraine. However, assuming a peaceful resolution to the Ukrainian conflict in 2015, it is …
Persistent link: https://www.econbiz.de/10011199940
euro area crisis (such as Russia, Poland, Ukraine and Turkey), growth dynamics progressively decelerated in the second half … consumption in most CESEE countries, with the exception of Russia, Ukraine, Kazakhstan and the Baltic states. In turn, investment … the CESEE region the Baltic states, Russia, Kazakhstan and Turkey, which are less dependent on the troubled euro area and …
Persistent link: https://www.econbiz.de/10010686994