Artikel
Inequality and poverty when effort matters
On the presumption that poorer people tend to work less, it is often claimed that standard measures of inequality and poverty are overestimates. The paper points to a number of reasons to question this claim. It is shown that, while the labor supplies of American adults have a positive income gradient, the heterogeneity in labor supplies generates considerable horizontal inequality. Using equivalent incomes to adjust for effort can reveal either higher or lower inequality depending on the measurement assumptions. With only a modest allowance for leisure as a basic need, the effort-adjusted poverty rate in terms of equivalent incomes rises.
- Sprache
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Englisch
- Erschienen in
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Journal: Econometrics ; ISSN: 2225-1146 ; Volume: 5 ; Year: 2017 ; Issue: 4 ; Pages: 1-19 ; Basel: MDPI
- Klassifikation
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Wirtschaft
Personal Income, Wealth, and Their Distributions
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- Thema
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equivalent income
welfare
inequality
poverty
labor supply
- Ereignis
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Geistige Schöpfung
- (wer)
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Ravallion, Martin
- Ereignis
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Veröffentlichung
- (wer)
-
MDPI
- (wo)
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Basel
- (wann)
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2017
- DOI
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doi:10.3390/econometrics5040050
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Artikel
Beteiligte
- Ravallion, Martin
- MDPI
Entstanden
- 2017
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