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A new and powerful dictatorship result is presented. It is well known that in social choice problems, the negativism of the original Arrow result can be overcome by admitting information based on interpersonal comparisons. But what if individuals in society have different opinions about htese...
Persistent link: https://www.econbiz.de/10005670738
Starting from a simple, descriptive model of individual income, an explicit link between the age composition of a population and the personal distribution of incomes is established. Demographic effects on income inequality are derived. Next, a pay-as-you-go financed state pension system is...
Persistent link: https://www.econbiz.de/10005670739
We provide, for the class of relative bidimensional inequality indices, adecomposition of inequality into two univariate Atkinson-Kolm-Senindices and a third statistic which depends on the joint distribution ofresources.
Persistent link: https://www.econbiz.de/10005670740
This paper studies poverty as a dynamic phenomenon, motivated by the recurringeconomic crises that affect developing countries and the incidence of income fluctuationson household welfare. While the increasing availability of household panel data has beenexploited in theoretical analysis and...
Persistent link: https://www.econbiz.de/10005670741
mobility measures; robustness; data contamination
Persistent link: https://www.econbiz.de/10005670742
The economic analysis of income distribution and related topics makes extensive use of dominance criteria to draw inferences about welfare comparisons. However it is possible that - just as some inequality statistics can be very sensitive to extreme values - conclusions drawn from empirical...
Persistent link: https://www.econbiz.de/10005670743
What are the principal issues on which research on income distributionand inequality focus? How might that focus shift in the immediate future?Prepared for the The Elgar Handbook of Socio-Economics.
Persistent link: https://www.econbiz.de/10005670744
We re-examine some of the standard axioms used in the literature on Poverty Measurement. Using a sample of 486 students from Australia, Israel and the USA we investigate the extent to which perceptions of poverty correspond to the axioms.
Persistent link: https://www.econbiz.de/10005670745
Inequality comparisons between countries and over time should take into account problems of data imperfection. We examine the contrasting experience of the UK and spain during the 1980s in terms of the distribution of disposable income. We consider whether the apparent divergence of inequality...
Persistent link: https://www.econbiz.de/10005670746
We analyse self-reported measures of satisfaction with life in a transition country, Kyrgyzstan, using 1993 household survey data. We test whether higher levels of satisfaction are associated with greater economic well-being. This hypothesis is strongly supported by the data. Unhappiness is...
Persistent link: https://www.econbiz.de/10005670747