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This paper examines the link between inequality and individual well-being using household survey data from 27 … Transition Economies, where income inequality increased considerably since 1989. A test of inequality aversion in individual … preferences that draws on the Fehr and Schmidt (QJE, 1999) specification of inequality aversion is proposed, and the difficulties …
Persistent link: https://www.econbiz.de/10009370128
contribution of vehicle use items to total expenditure inequality decreases over time, thus reflecting the more and more widespread …
Persistent link: https://www.econbiz.de/10008512112
The paper focuses on satisfaction with income and proposes a utility model built on two value systems, the `Ego' system - described as one own income assessment relatively to one own past and future income - and the `Alter' system - described as one own income assessment relatively to a...
Persistent link: https://www.econbiz.de/10008512113
as well off as he could be by undertaking inter-period income transfers. There is long-term ex-post inequality of …
Persistent link: https://www.econbiz.de/10008512115
sector and inequality of income rises with productivity. We show that the expected utility of all agents can fall while … for status and technology-induced rises in inequality. Copyright Springer Science+Business Media New York 2014 …
Persistent link: https://www.econbiz.de/10011155094
Using data from the Survey of Consumer Finances (SCF), we found that on average over the period from 1989 to 2007, about one fifth of American households at a given point of time reported a wealth transfer and these accounted for quite a sizeable figure, about a quarter of their net worth. Over...
Persistent link: https://www.econbiz.de/10011155096
Persistent link: https://www.econbiz.de/10008631254
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Persistent link: https://www.econbiz.de/10008926051
Persistent link: https://www.econbiz.de/10008926052