The effects of personal income tax changes are usually analyzed by comparing the inequality of income distributions before and after the tax policy change on a fixed pretax income distribution. This constant-population methodology aims at isolating the "pure" redistributive effect of the tax...

This paper investigates the effects of the UK privatization process by estimating changes in household welfare on the basis of real relative price changes. As measured on the basis of price changes at the consumer level, privatization has generated aggregate welfare gains for households. When...