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This paper illustrates how Lorenz Curves can be used to identify the best income distribution on social welfare grounds, within a set of alternative income distributions generated by different policy options. After highlighting some drawbacks of using specific functional forms of the Social...
Persistent link: https://www.econbiz.de/10009004151
This paper illustrates how Crossing Generalised Lorenz (GL) curves can be used to identify the best income distribution on social welfare grounds within a set of alternative income distributions generated by different policy options. It starts by illustrating two alternative income distributions...
Persistent link: https://www.econbiz.de/10008924809
This Article presents an original empirical analysis demonstrating that low-income families experience far greater income fluctuations than higher-income families and, as a result, taxation of annual income disproportionately burdens low-income families. The author proposes two simple income...
Persistent link: https://www.econbiz.de/10014194263
This module illustrates how Generalised Lorenz (GL) Curves can be used to identify the best income distribution on social welfare grounds, within a set of alternative income distributions generated by different policy options, in many of the cases where ordinary Lorenz curves fail to work After...
Persistent link: https://www.econbiz.de/10011257958
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
in poverty and income inequality, up to 2010 or 2011 in most countries. We provide measures of the levels and trends in … each of these areas, as well as an integrated discussion of empirical choices made in the measurement of poverty, overall … income inequality, and inequality among those with top incomes. …
Persistent link: https://www.econbiz.de/10014025343
for the years 1996 to 2004. We study the relationship between growth, inequality and poverty by following the Poverty …This paper analyzes the relationship between growth, poverty and income distribution using household data for Colombia … degree to which the poor benefit from the growth process. We also carry out a decomposition of the changes in poverty to …
Persistent link: https://www.econbiz.de/10005597323
A comparison of the 2007-08 crisis with that of 1929 showed its extreme gravity, but it also may have implied that the old harmful mistakes would not be repeated. After four years, the crisis has not been solved and it even threatens to worsen. Neo-conservative Republicans claim that this is...
Persistent link: https://www.econbiz.de/10011260788
In recent years, policymaking in China has put increasing emphasis on stemming the growth in inequality, which had been … in rural areas, but it has not reduced poverty that much, not least because of how it is administered. Moreover, the … of other social benefits. A set of new indicators of nationwide inequality, based on household survey data, suggests that …
Persistent link: https://www.econbiz.de/10008480479
In recent years, policymaking in China has put increasing emphasis on stemming the growth in inequality, which had been … in rural areas, but it has not reduced poverty that much, not least because of how it is administered. Moreover, the … of other social benefits. A set of new indicators of nationwide inequality, based on household survey data, suggests that …
Persistent link: https://www.econbiz.de/10012444749