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The cohesiveness of constituent nations in a confederation such as the Eurozone depends on their equally shared experiences. In terms of household incomes, commonality of distribution across those constituent nations with that of the Eurozone as an entity in itself is of the essence. Generally,...
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In this paper we argue that modelling the cross-country distribution of per capita income as a mixture distribution provides a natural framework for the detection of convergence clubs. The framework yields tests for the number of component distributions that are likely to have more power than...
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This paper examines how spatial price differentials affect income distribution in Italy. The distribution of household income is ''reshuffled'' after controlling for the purchasing power of households residents in different regions, but only when housing price variations are included in the PPP...
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