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The paper uses the flexibility of household survey data to align their income categories and recipient units with the income categories and units found in data produced by tax authorities. Our analyses, based on a standardized definition of fiscal income, allow us to locate, for top-income...
Persistent link: https://www.econbiz.de/10012427918
Persistent link: https://www.econbiz.de/10013271866
The US has exceptionally high inequality of disposable household income (i.e., income after accounting for taxes and transfers). Among working-age households (those with no persons over age 60), that high level of inequality is caused by a high level of market income inequality (i.e., income...
Persistent link: https://www.econbiz.de/10011629058
Persistent link: https://www.econbiz.de/10015187313
The paper uses the flexibility of household survey data to align their income categories and recipient units with the income categories and units found in data produced by tax authorities. Our analyses, based on a standardized definition of fiscal income, allow us to locate, for top-income...
Persistent link: https://www.econbiz.de/10012671234
Using social tables, the author makes an estimate of global inequality (inequality among world citizens) in the early 19th century. The analysis shows that the level and composition of global inequality have changed over the past two centuries. The level has increased, reaching a high plateau...
Persistent link: https://www.econbiz.de/10011394338
The results of new direct price level comparisons across 148 countries in 2005 have led to large revisions of purchasing power parity exchanges rates, particularly for China and India. The recalculation of international and global inequalities, using the new purchasing power parity rates, shows...
Persistent link: https://www.econbiz.de/10011394355
This paper discusses and assesses critiques of the aurhor's reformulation of the median voter hypothesis and its testing. The author rephrases and redefines more correctly the redistribution hypothesis and clarifies its relationship with the median voter hypothesis. He also reviews four types of...
Persistent link: https://www.econbiz.de/10011394439
Inequality between world citizens in mid-19th century was such that at least a half of it could be explained by income differences between workers and capital-owners in individual countries. Real income of workers in most countries was similar and low. This was the basis on which Marxism built...
Persistent link: https://www.econbiz.de/10011395108
This paper extends the Inequality Possibility Frontier approach in two methodological directions. It allows the social minimum to increase with the average income of a society, and it derives all the Inequality Possibility Frontier statistics for two other inequality measures besides the Gini....
Persistent link: https://www.econbiz.de/10011395733