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Standard household economics assumes that couples pool their incomes and share the sum equally, which is a necessary prerequisite for computing equivalent incomes and hence all statements about the distribution of personal incomes and income poverty. However, since cohabitation without marriage...
Persistent link: https://www.econbiz.de/10010322523
Concerns over rising inequality have heightened in the years following the 2007-09 global financial crisis and, more recently, with the COVID-19 pandemic. This staff discussion paper reviews the historical facts regarding income inequality in Canada, comparing Canada with the United States and...
Persistent link: https://www.econbiz.de/10013430334
We assess whether the value of humanity (or global social welfare) has improved in the last decades despite (or because of ) the substantial increase in global population sizes. We use for this purpose a relatively unknown but simple and attractive social evaluation approach based on...
Persistent link: https://www.econbiz.de/10014000631
We assess whether the value of humanity (or global social welfare) has improved in the last decades despite (or because of ) the substantial increase in global population sizes. We use for this purpose a relatively unknown but simple and attractive social evaluation approach based on...
Persistent link: https://www.econbiz.de/10014000797
The measurement of well-being in its multidimensional aspects has become ever more prominent in monitoring development over the last three decades. This note discusses some of the properties of a recent multidimensional index proposed by the UNDP. Unlike most of its predecessors, UNDP's...
Persistent link: https://www.econbiz.de/10014000799
This paper explores some of the dimensions related to poverty and exclusion, by defining a Relational Capability Index (RCI) which focuses on the quality of relationships among people and on their level of relational empowerment. This index is rooted in a relational anthropology; it insists on...
Persistent link: https://www.econbiz.de/10014000836
Over the years, money-metric measures of inequality such as the Gini coefficient and the Palma Ratio, as frequently used in Ghana, have become useful in providing quantitative measures of welfare distribution that enable a better understanding of the extent and nature of inequality. From these...
Persistent link: https://www.econbiz.de/10014477461
In a given society, those who are least advantaged would allegedly benefit the most from receiving a basic income. However, the merits of such a policy are generally debated according to the effects on society as a whole, not specifically on the most marginalized; thus, the potential benefits of a...
Persistent link: https://www.econbiz.de/10014492685
Despite the formal rigour that attends social and economic measurement, the substantive meaning of particular measures could be compromised in the absence of a clear and coherent conceptualization of the phenomenon being measured. A case in point is afforded by the status of a focus-axiom in the...
Persistent link: https://www.econbiz.de/10010308397
Two conversion schemes may be employed for assessing income inequality from household equivalent incomes: to weight household units by size or by needs. Using data from the Luxembourg Income Study, we show the sensitivity of country inequality rankings to conversion schemes and explain the...
Persistent link: https://www.econbiz.de/10010309600