Arbeitspapier
Urban income inequality and social welfare
When income inequality increases when average income levels increase, rises in average income levels might result in inequality costs. This paper develops marginal social welfare measures that account for the possibility that income inequality changes when average income levels change. Applications are given for the city of Amsterdam, The Netherlands. For this city, the income elasticity of the Gini is estimated in the range 0.25-0.48. Estimates of marginal welfare changes vary greatly with model choice. For plausible cases, estimates can be negative, raising doubts whether average income increases are beneficial in rich urban areas with high valuations of equality where income inequality increases in income.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. TI 2023-009/VIII
- Klassifikation
-
Wirtschaft
Relation of Economics to Social Values
Allocative Efficiency; Cost-Benefit Analysis
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- Thema
-
Social welfare
income inequality
inequity aversion
post-growth
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Koster, Paul
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Koster, Paul
- Tinbergen Institute
Entstanden
- 2023
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