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| Author: | Gruen, C. Klasen, S. |
| Title: | Growth, inequality, and welfare: comparisons across space and time |
| Journal: | Oxford Economic Papers
2008 : APR, VOL. 60:2, p. 212-236 |
| Index terms: | welfare growth inequality international country comparisons |
| Freeterms: | GDP |
| Language: | eng |
| Abstract: | This paper proposes and applies several welfare (hereafter as: w-f.) measures combining average income with a measure of inequality (here as: ineglty.) in order to undertake cross-country comparisons of aggregate w-f. from 1970 to 2000. The w-f. measures are based on theoretical and empirical findings on the role of ineqlty. in social welfare and change drastically the impression of levels of w-f. etc. While the results are sensitive to the type of ineqlty. and its presumed effect on w-f., the results are robust to different ways to address comparability problems inherent in the ineqlty. data used. |
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