The nature of global and regional income distributions and the extent of inequality are examined using country-level data on income distributions drawn from World Bank studies and the World Institute for Development Economics Research for the period 1993 - 2000. Beta-2 income distributions are...

This paper examines the nature and extent of global and regional income distribution and inequality using the most recent country level data on income distribution drawn from World Bank and UNU-WIDER studies for the period 1993-2000. The methodology used is a recently developed technique to fit...

The European Union Survey on Income and Living Conditions (EU-SILC) is the main source of information about living standards and poverty in the member states of the European Union. It provides reliable statistics at national level but sample sizes do not allow reliable estimates at sub-national...

The hedge fund represents a unique investment opportunity for the institutional and private investors in the diffusion-type financial systems. The main objective of this condensed article is to research the hedge fund’s optimal investment portfolio strategies selection in the global capital...

In the text finite mixtures of lognormal distributions are used for the modelling of net annual income per capita and equivalized income of the Czech households (in CZK) in 2004-2010. The development of distribution of number of members of households is analysed and the characteristics of...

The Lorenz curve relates the cumulative proportion of income to the cumulative proportion of population. When a particular functional form of the Lorenz curve is specified it is typically estimated by linear or nonlinear least squares, estimation techniques that have good properties when the...

This paper looks at both within country and among country inequality. In the spirit of Dalton[1920] and Atkinson[1970] this paper reports estimates of the welfare loss arising from inequality. The paper also explores the implications of Duesenberry style interdependent utility functions when a...

This paper aims at clarifying the notion "overall distributive effect" of an income component or a policy proposal and moreover discusses various approaches for assessing the distributional impact of the components of total income. We pay particular attention to the problem of evaluating the...

Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects in cross-sections, which eliminates transitory...

Has there been an increase in positive assortative mating? Does assortative mating contribute to household income inequality? Data from the United States Census Bureau suggests there has been a rise in assortative mating. Additionally, assortative mating affects household income inequality. In...