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| Author: | Nicol, C. J. |
| Title: | Estimating inequality in the distribution of welfare using demand models |
| Journal: | Empirical Economics
1997 : VOL. 22:3, p. 365-392 |
| Index terms: | WELFARE INEQUALITY DEMAND HOUSEHOLD ECONOMICS |
| Language: | eng |
| Abstract: | Inequality is difficult to measure. Household income alone can give a misleading picture of inequality since households differ in their characteristics. Also the inequality measure chosen will embody a normative judgement regarding the "weights" which different individuals are assigned. In this study measures of inequality in the distribution of household welfare are calculated which circumvent some of the usual difficulties. The results that estimation of relative inequality in individual equivalent income (IEI) is very robust to demand model specification but estimates of absolut inequality are not. This is a useful result, as policy-makers are often more interested in the relative level of inequality, in trying to ensure "fairness" in the tax system, for example. |
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