Showing 1 - 4 of 4
This paper unravels a cyclical pattern in the value of employment elasticity in organized manufacturing in India over the period 1976-2002. Four periods are distinguished: the ‘benign’ growth period of the late seventies; the period of ‘jobless growth’ of the first half of the eighties;...
Persistent link: https://www.econbiz.de/10009477111
The paper examines the partial pro poor orderings for different growth curves and sets of Equally Distributed Equivalent growth rate dominance. A new pro poor growth curve as the of change of Gini social welfare function, based on the quantiles of logarithmic income, has been proposed. It has...
Persistent link: https://www.econbiz.de/10015242405
We extend standard Pareto criterion for welfare ranking in terms of inequality. We suggest strongly Pareto superior or SPS allocations which are inequality neutral but guarantee higher welfare for everyone. The purpose is to entertain the idea that rising inequality is a major welfare concern...
Persistent link: https://www.econbiz.de/10015253280
The well known Pareto criterion used in the context of efficiency and welfare has to do with absolute changes whereas in every domain of economic behavior inequality or relative changes has become a major concern. We propose an inequality-preserving or distribution neutral Pareto criterion-the...
Persistent link: https://www.econbiz.de/10015253777