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| Author: | Pendakur, K. |
| Title: | Taking prices seriously in the measurement of inequality |
| Journal: | Journal of Public Economics
2002 : OCT, VOL. 86:1, p. 47-69 |
| Index terms: | Prices Social welfare Inequality Models Canada |
| Language: | eng |
| Abstract: | In the measurement of inequality, adjustments for differences across households in their demographic composition and in the price regimes they face are usually very simple. Often, nominal expenditure or income is adjusted with an expenditure-independent price deflator and a price-independent equivalence scale. This paper shows that using more flexible expenditure-dependent price deflators and price-dependent equivalence scales affects the level of, and trend in, measured family expenditure inequality in Canada over 19691997. For example, standard methods show significant decrease in inequality btw. 1969 and 1978, but more flexible methods show a significant increase in inequality over this period. |
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