2,156 results on '"gini coefficient"'
Search Results
2. Insights from the India-China Comparison of Fiscal Decentralization and Its Effects on Poverty and Inequality Reductions: A System GMM Approach
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Mukherjee, Sovik, author
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- 2023
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3. Should the monetary authorities be sensitive to inequality concerns? Empirical evidence for a panel of 62 countries
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Martín-Legendre, Juan Ignacio, Castellanos-García, Pablo, and Sánchez-Santos, José Manuel
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- 2023
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4. The psychological imprint of inequality: Economic inequality shapes achievement and power values in human life.
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Du, Hongfei, Götz, Friedrich M., King, Ronnel B., and Rentfrow, Peter J.
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EQUALITY , *ECONOMICS , *SOCIAL cohesion , *SOCIAL values , *GINI coefficient - Abstract
Objective: This research investigates how economic inequality shapes basic human values across three cross‐national, cross‐regional, and longitudinal studies (Ntotal = 219,697). Methods: Study 1 examined the relationship between objective economic inequality and values across 77 societies from all five continents (n = 170,525). Study 2 examined the relationship between objective economic inequality and values across 51 regions in the United States (n = 48,559). Study 3 used a two‐year longitudinal design to examine the relationship between perceived economic inequality and values (n = 613). Results: Results from multilevel modeling and longitudinal analysis suggested that people who lived in areas with higher economic inequality and who perceived higher economic inequality were more likely to endorse achievement and power values. Moreover, people who perceived higher economic inequality were less likely to endorse benevolence values. These effects were robust in within‐country tests (Studies 2 and 3) but not in the cross‐country tests (Study 1) when accounting for sociodemographic characteristics. Conclusions: Our findings suggest that economic inequality may act as an antecedent of self‐enhancement values, particularly within countries. In a world of rising economic inequality, this may over time lead to an overemphasis on achievement and power which have been shown to erode social cohesion. [ABSTRACT FROM AUTHOR]
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- 2024
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5. How Fiscal/Monetary Policies Have Varied Depending on the Inequality Level of Different Countries During COVID-19.
- Author
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Siviter, Henry N.
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MONETARY policy ,FISCAL policy ,COVID-19 pandemic ,EQUALITY ,GINI coefficient - Abstract
I have investigated the different inequality levels using their Gini coefficients from data provided from 2018-2019 from the World Bank data store; from this data, I have used fiscal, macro-financial, and rate cut indexes to then make a comparison between the different countries and find patterns within the data using graphs and correlations, I then proceeded to create a maximum, minimum, mean, and standard deviation for the Gini coefficients, fiscal index, rate cut index, and macrofinancial index to create a more precise set of results of the data and help further in explaining patterns and trends. This showed me that there is a negative trend with fiscal and macro-financial indexes as inequality increases and a positive trend with the rate cut index. This is important as it provides evidence that if a country's inequality level is higher, then the government and central banks are less likely to intervene in the market. [ABSTRACT FROM AUTHOR]
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- 2024
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6. A Regional Comparison Of The COVID-19 Pandemic’s Impact On Income Inequality.
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Gupta, Sreya
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COVID-19 pandemic ,INCOME inequality ,PHARMACEUTICAL industry ,ECONOMIC shock ,PUBLIC health - Abstract
As of now, more than three years after the first case was detected, government measures against the COVID-19 pandemic have been abolished almost globally. Amidst the initial lack of vaccines and pharmaceutical interventions, governments were forced to implement various measures - usually those aimed at restricting population movement. These public health measures led to severe economic shocks, with inequality being no such exception. Hence, this paper seeks to dissect and discuss COVID-19’s impacts on income inequality on a global scale. This is achieved by comparing different regions such as North America, Europe, Australia, Asia, South America, etc. (eventually categorizing them into developing, emerging, and developed) and analyzing the trends they experience in income inequality along with the role of fiscal, monetary and micro-financial policies in helping those affected. Generally speaking, the results of our paper follow as such: income inequality (1) has decreased in developed/emerging nations, (2) has increased/been exacerbated in developing nations, and (3) has been heavily dictated by the fiscal, monetary and micro-financial policies implemented by governments to mitigate the effects of COVID-19. [ABSTRACT FROM AUTHOR]
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- 2023
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7. Inter-basin hydropolitics for optimal water resources allocation
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Kazemi, Mehdi, Bozorg-Haddad, Omid, Fallah-Mehdipour, Elahe, and Loáiciga, Hugo A
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Hydrology ,Economics ,Applied Economics ,Earth Sciences ,Environmental Monitoring ,Iran ,Resource Allocation ,Water ,Water Resources ,Allocation policies ,Conflict ,Justice ,Sustainability ,Artificial neural network ,Multi-objective optimization ,Gini coefficient ,Sefidrud ,Environmental Sciences - Abstract
Efficient, just, and sustainable water resources' allocation is difficult to achieve in multi-stakeholder basins. This study presents a multi-objective optimization model for water resources allocation and reports its application to the Sefidrud basin in Iran. Available water resources are predicted until 2041with the artificial neural network algorithm (ANN). This is followed by multi-objective optimization of water resource allocation. The first objective function of the optimization model is maximization of revenue, and the second objective function is the achievement of equity in water resources allocation in the basin. This study considers two scenarios in the optimization scheme. The first scenario concerns the water allocation with existing dams and dams under construction. The second scenario tackles water allocation adding dams currently in the study stage to those considered in Scenario 1. The Gini coefficient is about 0.1 under the first scenario, indicating the preponderance of economic justice in the basin. The Gini coefficient is about 0.4 under the second scenario, which signals an increase of injustice in water allocation when considering the future operation of dams currently under study.
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- 2020
8. The sensitivity of the Gini to changes in group sizes and mean incomes: an extension of ANOGI applied to Brazil
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Mendes Loureiro, Pedro
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- 2022
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9. Teaching Data Literacy and Sports Economic Fundamentals Using Fantasy Sports.
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Patterson, Adam, Mocarsky, Matthew, Jun Cho, Harmon, Oskar, and Calvert, Craig
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FANTASY sports ,LORENZ curve ,GINI coefficient ,LITERACY ,HERFINDAHL-Hirschman index ,PHYSICAL education ,DATA scrubbing ,ECONOMICS education - Abstract
Teaching data literacy and sports economic fundamentals can be seen by students as unengaging when taught in the traditional lecture format. An activity using student participation in a fantasy league draft was used to actively engage students. This activity focused on learning the economic concepts of the Noll-Scully measure, Gini coefficient, Lorenz curve and the Herfindahl-Hirschman Index (HHI). Marginal product was used to evaluate player performance, and competitive balance were used to evaluate league performance. It also taught data literacy skills such as locating and entering data and using Excel functions to organize and clean data. Students ran regression models to proxy the concept of marginal product in evaluating relative performance and collected data to compare players' predicted point contribution. The activity can be refined for similar courses in data literacy and sports economics. [ABSTRACT FROM AUTHOR]
- Published
- 2023
10. Assessing Energy Performance Certificates for Buildings: A Fuzzy Set Qualitative Comparative Analysis (fsQCA) of Portuguese Municipalities.
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Koengkan, Matheus, Silva, Nuno, and Fuinhas, José Alberto
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BUILDING performance , *FUZZY sets , *ENERGY consumption , *MONETARY incentives , *GINI coefficient , *CITIES & towns - Abstract
This article presents causal recipes leading to high and low energy consumption efficiency performances using fuzzy set Qualitative Comparative Analysis (fsQCA). The study found that several causal conditions are sufficient for high energy efficiency performance, including several fiscal and financial incentive policies, a highly educated population, many completed dwellings, and low GDP. The study also found that high inequality in completed dwellings and completed reconstructions, coupled with a low GDP and a low number of policies, lead to high energy consumption efficiency performance. In addition, the analysis showed slight differences between the yearly consistencies, suggesting that time effects are not a concern. On the other hand, a low education level, Gini coefficient, few completed dwellings and reconstructions, coupled with a low number of fiscal and financial policies, are the causal conditions leading to low energy consumption efficiency performance. The study's results suggest that policymakers and stakeholders should consider a combination of several causal conditions when implementing energy efficiency policies. The study also highlights the need for policies focusing on education, fiscal and financial incentives, completed dwellings, and reconstructions to achieve high energy efficiency performance. [ABSTRACT FROM AUTHOR]
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- 2023
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11. Unemployment and expenditure on health and education as mediators of the association between toothbrushing and global income inequalities.
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El Tantawi, Maha, Aly, Nourhan M., and Folayan, Morenike Oluwatoyin
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HEALTH education ,UNEMPLOYMENT ,HEALTH services accessibility ,CONFIDENCE intervals ,TOOTH care & hygiene ,INDEPENDENT variables ,MEDICAL care costs ,HABIT ,ECOLOGICAL research ,REGRESSION analysis ,SOCIOECONOMIC factors ,INCOME ,GOVERNMENT programs ,SURVEYS ,MATHEMATICAL variables ,HEALTH attitudes ,FACTOR analysis ,DESCRIPTIVE statistics ,SCHOOL children ,STATISTICAL sampling ,STATISTICAL correlation ,DATA analysis software ,ECONOMICS - Abstract
Objective: The study assessed the association of country-level income inequalities with the percentage of schoolchildren toothbrushing-at-least-twice-daily; and the mediating effect of country-level unemployment rate and governmental expenditure on health and education (EH&E). Methods: This was an ecological study. The dependent variable was country-level toothbrushing-at-least-twice-daily among 11-15-year-old schoolchildren. Data for the period 2009 to 2019 were extracted from two global surveys about schoolchildren's health and from manuscripts identified through a systematic search of three databases. The independent variable was country-level income inequalities measured by the Gini coefficient (GC) extracted from the Sustainable Development Report 2021. The mediators were the unemployment rate and EH&E. We stratified the sample by the level of GC and assessed the correlation between the dependent and independent variables in each stratum. Linear regression was used to assess the relations between the dependent and independent variables, and mediation path analysis was used to quantify the direct, indirect, and total effects. Results: Data were available for 127 countries. The mean (SD) percentage of children who brushed-at-least-twice-daily was 67.3 (16.1), the mean (SD) GC = 41.4 (8.2), unemployment rate = 7.5 (4.7) and EH&E = 8.4 (3.3). The percentage of children brushing at-least-twice-daily had weak and non-significant correlation with GC that was positive in countries with the least inequality and negative for countries with higher levels of inequality. A greater percentage of schoolchildren brushing-at-least-twice-daily was significantly associated with higher GC (B = 0.76, 95%CI: 0.33, 1.18), greater EH&E (B = 1.67, 95%CI: 0.69, 2.64) and lower unemployment rate (B=-1.03, 95%CI: -1.71, -0.35). GC had a significant direct positive effect (B = 0.76, 95%CI: 0.33, 1.18), a significant indirect negative effect through unemployment and EH&E (B=-0.47, 95%CI: -0.79, -0.24) and a non-significant total positive effect (B = 0.29, 95%CI: -0.09, 0.67) on the percentage of schoolchildren brushing-at-least-twice-daily. Conclusion: Unemployment and EH&E mediated the association between income inequality and toothbrushing. Country-level factors may indirectly impact toothbrushing. [ABSTRACT FROM AUTHOR]
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- 2022
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12. The labor share and income inequality: some empirical evidence for the period 1990-2015
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Erauskin, Iñaki
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- 2020
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13. The shape of income distribution and decomposition of the changes in income inequality in India : 2005-2012
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Mishra, Aswini Kumar, Kumar, Anil, and Sinha, Abhishek
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- 2019
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14. How does the international tourism evolve in the past twenty years?
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Luo, Dan
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INTERNATIONAL tourism ,HIGH-income countries ,DEVELOPING countries ,GINI coefficient ,TOURISM - Abstract
Tourism development differs among countries and changes with time. Here, the characteristics of the international tourism over a 23-year period were analyzed. Tourism was well developed in high-income countries. Tourism flow revealed by Granger-causality test showed that cultural similarity, travel distance, differences in customs, and economic partnership were the main factors for destination choice. The tourism development showed the structural break points in 2001, 2005, 2010, and 2015. More lower-middle-income countries are benefiting from the tourism. Totally, we presented a comprehensive analysis for the international tourism over time. [ABSTRACT FROM AUTHOR]
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- 2021
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15. Horizontal and vertical equity and public subsidies for private health insurance in the U.S.
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Jacobs, Paul D. and Hill, Steven C.
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HEALTH services accessibility , *INSURANCE , *MEDICAL care , *HEALTH insurance , *PRIVATE sector , *HEALTH insurance exchanges , *GOVERNMENT aid , *EMPLOYER-sponsored health insurance , *MEDICAL care costs , *ECONOMICS - Abstract
The United States offers two markedly different subsidy structures for private health insurance. When covered through employer-based plans, employees and their dependents benefit from the exclusion from taxable income of the premiums. Individuals without access to employer coverage may obtain subsidies for Marketplace coverage. This paper seeks to understand how the public subsidies embedded in the privately financed portion of the U.S. healthcare system impact the payments families are required to make under both ESI and Marketplace coverage, and the implications for finance equity. Using the Household Component of the Medical Expenditure Panel Survey (MEPS-HC) and Marketplace premium data, we assess horizontal and vertical equity by calculating public subsidies for and expected family spending under each coverage source and using Lorenz curves and Gini and concentration coefficients. Our study pooled the 2018 and 2019 MEPS-HC to achieve a sample size of 10,593 observations. Our simulations showed a marked horizontal inequity for lower-income families with access to employer coverage who cannot obtain Marketplace subsidies. Relative to both the financing of employer coverage and earlier Marketplace tax credits, the more generous Marketplace premium subsidies, first made available in 2021 under the American Rescue Plan Act, substantially increased the vertical equity of Marketplace financing. While Marketplace subsidies have clearly improved equity within the United States, we conclude with a comparison to other OECD countries highlighting the persistence of inequities in the U.S. stemming from its noteworthy reliance on employer-based private health insurance. • United States uses employer and individual private health insurance coverage. • No recent investigations of horizontal and vertical equity of U.S. private coverage. • Analysis of Gini coefficients and Lorenz curves suggests regressivity. • Public policies including insurance subsidies can reduce inequities. [ABSTRACT FROM AUTHOR]
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- 2024
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16. Application of Gini, Theil and concentration indices for assessing water use inequality
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Malakar, Krishna and Mishra, Trupti
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- 2017
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17. Characterizing US dairy farm income and wealth distributions
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Hadrich, Joleen C., Wolf, Christopher A., and Johnson, Kamina K.
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- 2017
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18. Measuring Economic Inequalities and Perspectives on their Evolution.
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Bucătar, Diana Georgiana
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ECONOMICS ,ECONOMIC globalization ,EQUALITY ,MEASURING instruments ,GINI coefficient - Abstract
Measuring phenomena such as globalization or economic inequality is often considered an inaccurate approach, subject to a high degree of uncertainty and, why not, is even seen as a deadlock. However, scientists have created tools to measure these phenomena, giving them the scientific dimension needed to use them as a basis for building strong economic theories. This article aims to present the types of methods and techniques used by specialists in measuring economic inequalities, as well as a comparative analysis between what could be called the ”present„ and ”future” of measuring inequalities in Economics. The elaboration of this paper involved documentation, information and synthesis, leading to a systematization of future perspectives on the topic of inequalities, one of the biggest global challenges tackled from two perspectives: within and between countries. [ABSTRACT FROM AUTHOR]
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- 2020
19. The Determinants of Income Distribution, an Empirical Analysis of Developing Countries.
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Ata, Farah Naz, Alam, Shaista, and Saeed, Noman
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INCOME inequality ,DEVELOPING countries ,GINI coefficient ,ECONOMICS ,DEVELOPED countries - Abstract
Income Distribution, which is a center of discussion in economic theory, has recently evolved from theory to application. The role of the government and institution in income distribution, especially in the developing countries, needs in-depth evaluation so that further policies can be constituted. This aspect of income distribution has often been empirically explored in developed countries but there is still gap present in developing countries. The present study is an attempt to fill the gap in research related to fiscal, institutional and macroeconomic determinants of income distribution in a sample of 50 developing countries through using Panel Estimation Technique covering a period from 1995 to 2015 with five years frequency. The study analyzes income distribution from three dimensions: Gini coefficient, Income share of the poorest 20% and Poverty gap. The study finds that while government current spending hinders equal distribution of income, social spending facilitates it. Control of corruption and improvement in bureaucratic quality has negative effects on the redistribution of income. Rising inflation appears to temporarily benefit the poorest income share while unemployment, per capita income and trade openness does the opposite. [ABSTRACT FROM AUTHOR]
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- 2019
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20. Out-of-pocket payments, vertical equity and unmet medical needs in France: A national multicenter prospective study on lymphedema.
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Mercier, Gregoire, Pastor, Jenica, Clément, Valerie, Rodts, Ulysse, Moffat, Christine, and Quéré, Isabelle
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HEALTH insurance reimbursement , *LONGITUDINAL method , *GINI coefficient , *STOCKS (Finance) , *PAYMENT , *NEAR field communication - Abstract
Out-of-pocket payments might threaten the vertical equity of financing and generate unmet medical needs. The main objective was to assess the vertical equity of outpatient out-of-pocket payments for lymphedema patients in France. Twenty-seven centres, among which 11 secondary care hospitals and 16 primary care practices participated in this prospective national multicenter study. We measured the lymphedema-specific outpatient out-of-pocket payments over 6 months. The vertical equity of out-of-pocket payments was examined using concentration curves, the Gini coefficient for income, the Kakwani index, and the Reynolds-Smolensky index. We included 231 lymphedema patients aged 7 years or more, living in metropolitan France, and being able to use Internet and email. After voluntary health insurance reimbursement, the mean out-of-pocket payment was equal to 101.4 Euros per month, mainly due to transport (32%) and medical devices (26%). Concentration curves indicated regressivity of out-of-pocket payments. Total out-of-pocket payments represented 10.1% of the income by consumption unit for the poorest quintile and 3.5% for the wealthiest (p<0.05). The Kakwani index for out-of-pocket payments was equal to -0.18. Regarding outpatient health care, French lymphedema patients face significant and regressive out-of-pocket payments, associated with an increased risk of unmet medical needs. Such results shed light on significant socioeconomic inequalities and bring into question the current financing arrangements of outpatient health care in France. Trial registration: ClinicalTrials.gov ID: [ABSTRACT FROM AUTHOR]
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- 2019
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21. Has farmer welfare improved after rural residential land circulation?
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Huan Li, Xiaoling Zhang, and Heng Li
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Government ,Residential land ,Sociology and Political Science ,Public economics ,Gini coefficient ,business.industry ,Fair distribution ,media_common.quotation_subject ,Geography, Planning and Development ,Distribution (economics) ,Development ,Social security ,Economics ,Circulation (currency) ,business ,Welfare ,media_common - Abstract
The uneven distribution of welfare not only hinders social fairness but also affects the optimal allocation of resources for rural residential land. Recourse to traditional welfare theory or Amartya Sen's function and ability welfare theory is inappropriate in this situation as neither is focused on the influence of welfare differences. Therefore, this study aims to provide a new focus for welfare economics in integrating the concept of the internal group welfare gap into overall welfare evaluation. Fuzzy mathematics is applied to calculate welfare and the concept of the Gini coefficient is used to evaluate the welfare gap. The resulting model is applied to the cities of Guangzhou, Chongqing, and Wuxi before and after rural residential land circulation (RRLC) to determine their resulting changes in welfare and welfare gap. From this, it is found that, after RRLC, the farmers' overall welfare increased by 17.5%, 15.1%, and 23.5% respectively, while the welfare gap of Guangzhou and Wuxi was improved, and Chongqing was decreased. This means the welfare gap widened in Guangzhou and Wuxi, while narrowed in Chongqing. Concluding remarks call for increased government attention to the fair distribution of welfare between different groups of farmers by increased social security and a more detailed consideration of the groups involved.
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- 2022
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22. Mean-Gini, Portfolio Theory, and the Pricing of Risky Assets.
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SHALIT, HAIM and YITZHAKI, SHLOMO
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GINI coefficient ,RISK assessment ,PORTFOLIO management (Investments) ,ECONOMETRIC models ,RISK ,ASSETS (Accounting) ,INVESTORS ,CAPITAL market ,DISTRIBUTION (Probability theory) ,INVESTMENT analysis ,RATE of return ,RISK aversion ,ECONOMICS - Abstract
This paper presents the mean-Gini (MG) approach to analyze risky prospects and construct optimum portfolios. The proposed method has the simplicity of a mean-variance model and the main features of stochastic dominance efficiency. Since mean-Gini is consistent with investor behavior under uncertainty for a wide class of probability distributions, Gini's mean difference is shown to be more adequate than the variance for evaluating the variability of a prospect. The MG approach is then applied to capital markets and the security valuation theorem is derived as a general relationship between average return and risk. This is further extended to include a degree of risk aversion that can be estimated from capital market data. The analysis is concluded with the concentration ratio to allow for the classification of different securities with respect to their relative riskiness. [ABSTRACT FROM AUTHOR]
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- 1984
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23. Gini's Mean Difference and Portfolio Selection: An Empirical Evaluation.
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Bey, Roger P. and Howe, Keith M.
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APPROXIMATION theory ,INVESTMENTS ,GINI coefficient ,VARIANCES ,INVESTORS ,CLUSTER analysis (Statistics) ,ECONOMICS - Abstract
The article analyzes the properties of two portfolio selection criteria based on the mean and Gini's mean difference, which is the average of the absolute differences between pairs of observations of a random variable. The authors build upon previous work by Yitzhak that focuses on the theoretical aspects of the selection criteria. They compare the new criteria relative to mean-variance, stochastic dominance and mean-semivariance. The analysis includes relative magnitudes, consistencies and the differences in them.
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- 1984
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24. The distributional effects of government spending shocks in developing economies
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Prakash Loungani, Jun Ge, Giovanni Melina, and Davide Furceri
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Government spending ,Gini coefficient ,media_common.quotation_subject ,05 social sciences ,Geography, Planning and Development ,Monetary economics ,Development ,Recession ,Gross domestic product ,Fiscal policy ,Economic inequality ,Income distribution ,0502 economics and business ,Economics ,General Earth and Planetary Sciences ,050207 economics ,Fiscal sustainability ,health care economics and organizations ,050205 econometrics ,General Environmental Science ,media_common - Abstract
We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal consolidations lead to a long-lasting increase in income inequality, while fiscal expansions lower inequality. The results are robust to several measures of income distribution and size of the fiscal shocks, to an alternative identification strategy, across expansions and recessions and across country groups (low-income countries versus emerging markets). An additional contribution of the paper is the computation of the medium-term inequality multiplier. This is on average about 1 in our sample, meaning that a cumulative decrease in government spending of 1 percent of GDP over 5 years is associated with a cumulative increase in the Gini coefficient over the same period of about 1 percentage point. The multiplier is larger for total government expenditure than for public investment and consumption (with the former having larger effect), likely due to the redistributive role of transfers. Finally, we find that (unanticipated) fiscal consolidations lead to an increase in poverty.
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- 2022
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25. Are Chinese provincial carbon emissions allowances misallocated over 2000–2017? Evidence from an extended Gini-coefficient approach
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Chen Wang, Di Liu, and Weijun He
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Environmental Engineering ,Index (economics) ,Gini coefficient ,Renewable Energy, Sustainability and the Environment ,Natural resource economics ,Greenhouse gas ,Global warming ,Economics ,Environmental Chemistry ,National level ,Distortion (economics) ,Productivity ,Industrial and Manufacturing Engineering - Abstract
Carbon emission allowances (CEAs) are critical to regional economic growth against the background of tackling global climate change, and CEA misallocation may be detrimental to productivity and carbon emission performance. However, whether Chinese provincial CEAs are misallocated over the past decades has not yet been thoroughly investigated. For this purpose, this study first defines CEA misallocation based on the concept of provincial CEA marginal outputs; then we develop a distortion index to measure CEA misallocation by extending the conventional Gini coefficient method. Finally, an empirical analysis of Chinese provincial CEA misallocation throughout 2000–2017 is presented. The results indicate the existence of Chinese provincial CEA misallocation, as the distortion index increases from 0.229 to 0.279 over 2000–2017, implying that Chinese provincial CEA misallocation is aggravated. At the regional level, we find that the CEA misallocation of the western area is relatively the most serious, while that of the central area is not obvious. The CEA misallocation in the western area aggravates the CEA misallocation of the entire nation. We further discuss how to alleviate CEA misallocation by investigating the distortion index in different carbon emission reduction scenarios. We find that the distortion index of 2017 can be reduced to 0.272 compared with 0.279 in the actual scenario if the provinces with CEA marginal outputs lower than the national level reduce their emissions by 3%. The results indicate that controlling the emissions of the provinces with lower CEA marginal outputs may be an effective way to alleviate CEA misallocation.
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- 2022
- Full Text
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26. Mapping the geographical consolidation of fishing activities in Iceland during the maturation of the ITQ fisheries management system.
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Edvardsson, Kristinn Nikulás, Păstrăv, Cezara, and Benediktsson, Karl
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FISHERY economics , *FISHERIES , *FISHERY management , *FISHING villages , *INDIVIDUAL fishing quotas , *ECONOMICS - Abstract
Consolidation of the fishing industry worldwide is an issue heavily debated among scholars. Many economists have argued for its necessity, while others – such as sociologists, anthropologists and geographers – have pointed out negative effects of consolidation on fishing communities. The aim of this paper is to measure the geographical consolidation of fishing in Iceland since the introduction of the quota management system in 1984, and during its development into an individual transferable quota system (ITQ). Lorenz curves, Gini calculations and maps are used for this purpose. Consolidation of the fishing sector is a logical outcome of ITQs and the analysis shows that the ITQ system has led to increased geographical consolidation in the demersal and pelagic sectors in Iceland. Regions and communities are unequally affected by geographical consolidation and many small fishing communities are vulnerable to changes in the industry. The results are of value for fisheries management policy formation. When designing fisheries policy for the 21st century it is important to not only consider economic efficiency, but also geographical consolidation and its impact. [ABSTRACT FROM AUTHOR]
- Published
- 2018
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27. Pricing on monopoly online trading platform with heterogeneous trading behavior and the long tail.
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Geng, Yang and Zhang, Yulin
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GINI coefficient , *TAILS , *PRICE discrimination , *HUMAN behavior models , *MONOPOLIES , *BIOLOGICAL networks - Abstract
Purpose: This paper aims to study the pricing strategies of an online trading platform with indirect network externalities by considering heterogeneous trading behavior in the downstream market and the long tail. Design/methodology/approach: The game theory, optimization and comparative static are used in this research. The equilibria are derived from the game theory, and with them, the authors optimize the platform's profit function. Comparative static is used to study pricing strategies. Findings: It is found that with heterogeneous trading behavior, the transaction-based model is more profitable than the subscription-based model by reason of the feasibility of "price discrimination". However, with certain advantages of subscription fees such as avoiding offline transactions, the subscription-based model is better with a concentrated distribution of sellers' revenues (the Gini coefficient is small). With a lucrative long tail, the platform should set a low price to attract small sellers in the long tail. Besides, if the Gini coefficient is large, the effects of the market entry barrier of sellers on the optimal price in each model may be opposite. Research limitations/implications: It implies that the choice of revenue models and pricing strategies are influenced by the Gini coefficient or the long tail. The exogenous setting in which buyers can use the platform for free needs further extension. Practical implications: The authors provide insights on how to choose revenue models and how to price the sellers with the long tail phenomenon. Originality/value: This paper emphasizes the role of the long tail on pricing strategies and the effect of heterogeneous trading behavior on model selection. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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28. Opportunity and inequality in the emerging esports labor market
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Hanhan Xue, Joshua I. Newman, and Christopher M. McLeod
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Gender inequality ,Young professional ,Sociology and Political Science ,Inequality ,Economic inequality ,Gini coefficient ,media_common.quotation_subject ,Economics ,Demographic economics ,Social Sciences (miscellaneous) ,media_common ,Poverty threshold - Abstract
Esports is often described as a growing industry ripe with financial opportunities for young professional, competitive gamers. However, these claims rarely consider how income is distributed amongst players. This study uses prize earnings data from 2005 to 2019 to examine labor market inequality and related social inequalities and social stratifications. Lorenz curves and Gini coefficients show that inequality has increased in the labor market overall and the labor markets for the five top games based on total prizes awarded ( Dota 2, Counter-Strike: Global Offensive, Fortnite, League of Legends, StarCraft II). Competitors can expect to earn more today than in 2005, but median incomes have shown sporadic and inconsistent growth compared with top incomes. Moreover, most competitors earn less than the US poverty threshold. Comparing the earnings of the top female players to the whole labor market shows that gender inequalities exist in median incomes and the likelihood of earning more than the poverty threshold. The esports labor market is an engine of inequality that provides opportunities for a few (primarily male) competitors while building a growing class of lowly paid players who support the interests of game designers and event organizers.
- Published
- 2021
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29. The Impact of Tax and Expenditures Policies on Income Distribution: Evidence from Pakistan
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Suhrab Khan and ihtisham Ul haq Padda
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HF5001-6182 ,Public economics ,Gini coefficient ,Informal sector ,Direct tax ,media_common.quotation_subject ,social expenditure policies ,gdp per capita ,gini coefficient ,Fixed effects model ,direct and indirect taxes ,Economic inequality ,Income distribution ,Debt ,HG1-9999 ,Economics ,Business ,Redistribution of income and wealth ,Finance ,media_common - Abstract
Tax and social expenditure policies have a crucial role in income distribution. This study explores the potential role of taxation and social expenditure policies in income redistribution in South Asia. For this purpose, empirical analysis is conducted by Fixed Effect (FE) and Instrumental Variable (IV) FE models. The analysis suggests that both taxation and social expenditures policies effectively reduce income inequality in South Asia. These findings indicate that social spending and taxation can be used as a policy tool to redistribute income in developing countries. The results also indicate that higher social spending, increased direct taxes, and more reliance on foreign debts can ameliorate the income distribution. Based on the results, it can be suggested that for this region, with the low level of taxes, direct taxes, a large informal economy, and other weak features of tax administration, more reliance on direct taxes and social expenditure policies should be the primary tool for income redistribution.JEL Classification: H2, H5, I3How to Cite:Khan, S., & Padda, I. U. H. (2021). The Impact of Tax and Social Expenditure Policies on Income Distribution: Evidence from South Asia. Etikonomi, 20(2), xx – xx. https://doi.org/10.15408/etk.v20i2.18121.
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- 2021
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30. How Generous are Societies Toward Their Elderly? A European Comparative Study of Replacement Rates, Well-Being and Economic Adequacy
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Avia Spivak and Aviad Tur-Sinai
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Pension ,Sociology and Political Science ,Gini coefficient ,media_common.quotation_subject ,Wage ,General Social Sciences ,Context (language use) ,Sample (statistics) ,Quality of life (healthcare) ,Arts and Humanities (miscellaneous) ,Economic inequality ,Well-being ,Developmental and Educational Psychology ,Economics ,Demographic economics ,media_common - Abstract
Replacement rates have gained acceptance as a useful metric for assessing the conditions of retirees and households at point of retirement. Here we use data from the SHARE longitudinal database to investigate income dynamics within a comparative European context. Our analysis, centering on households as opposed to the individuals on whom international data commonly focus, reduces replacement rates to their components—pension, work income, etc.—and looks at the dynamics among household members in relation to work and pension income. Total replacement rates vary widely among the fourteen countries sampled: overall replacement rates are around the Bismarckian 70% across the entire sample, 80% in countries that have Social Democratic and Continental social-policy regimes, and 60% in countries that have East European and Middle Eastern regimes. Looking at the pension and wage components, however, the latter accounts for about 30% of household income—an important fact for decision-makers to consider. Couples tend to retire together, especially if close in age, and work income compensates amply for lower pension income. The Gini coefficients of our sample are compared before/after retirement to determine whether the social programs that underlie pensions mitigate income inequality after retirement. Finally, we examine the well-being and quality of life of retirees and their households. We find a positive correlation between replacement rate and indicators of retirees’ and their households’ quality of life, e.g., satisfaction with life, ability to consume healthcare services, and ability to cover unforeseen expenses.
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- 2021
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31. ASSESSMENT OF THE IMPACT OF INCOME INEQUALITY ON ECONOMIC GROWTH IN RUSSIAN REGIONS
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Alla Serkova, Oleg Mariev, Rogneda Vasilyeva, and Elena V. Ignatieva
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education.field_of_study ,Gini coefficient ,business.industry ,Population ,Distribution (economics) ,General Medicine ,Physical capital ,Economic inequality ,Fixed investment ,Per capita ,Economics ,Household income ,Demographic economics ,education ,business - Abstract
Inequality in the distribution of income of the population has a certain impact on different aspects of the economic and socio-cultural development of countries and regions. This inequality arises due to a number of factors as the current nature of the production specialization, the availability of production and economic infrastructure, the achieved level of development of the social sphere, socio-cultural, demographic, and other factors. The main objective of this study is to assess the nature and extent of the impact of income inequality in the Russian regions for the subsequent justification of the directions of socio-economic development. We conducted an econometric analysis of the impact of intraregional income inequality (the Gini coefficient), fixed capital investment per capita, and average per capita consumer spending on one of the main indicators of regional economic growth (GRP) per capita was carried out. The model is based on panel data for the period 2012-2018 for 85 regions of the Russian Federation. The results of the study confirm two of three hypotheses. As prospects for further research, it is proposed to consider the impact of inequality in the distribution of household income on economic growth for different groups of regions, including resource-type regions and regions with a predominance of manufacturing industries, as well as for leading regions and regions with a relatively low level of socio-economic development.
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- 2021
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32. A social‐psychological reconstruction of Amartya Sen’s measures of inequality and social welfare
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Wiktor Budzinski and Oded Stark
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Social stress ,Economics and Econometrics ,Inequality ,Gini coefficient ,media_common.quotation_subject ,Social Welfare ,Social welfare function ,Arts and Humanities (miscellaneous) ,Economic inequality ,Economics ,Aggregate income ,Demographic economics ,Welfare ,media_common - Abstract
The Gini coefficient features prominently in Amartya Sen’s 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from social‐psychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We determine when as a consequence of an income gain by an individual, an increase in the social stress measure dominates a concurrent increase in the aggregate income, such that the magnitude of the Gini coefficient increases. By integrating our approach to the construction of the Gini coefficient with Sen’s social welfare function, we are able to endow the function with a social‐psychological underpinning, showing that this function, too, is a composite of a measure of social stress and aggregate income. We reveal a dual role played by aggregate income as a booster of social welfare in Sen’s social welfare function. Quite surprisingly, we find that a marginal increase of income for any individual, regardless of the position of the individual in the hierarchy of incomes, improves welfare as measured by Sen’s social welfare function.
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- 2021
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33. The role of automatic stabilizers and emergency tax–benefit policies during the COVID-19 Pandemic: evidence from Ecuador
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Lourdes Montesdeoca, Iva Valentinova Tasseva, and H. Xavier Jara
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Inequality ,media_common.quotation_subject ,H24 ,Geography, Planning and Development ,HC Economic History and Conditions ,Development ,HJ Public Finance ,HV Social pathology. Social and public welfare. Criminology ,Decile ,RA0421 Public health. Hygiene. Preventive Medicine ,Economics ,Microsimulation ,Income protection insurance ,Poverty ,D31 ,media_common ,Extreme poverty ,Gini coefficient ,COVID-19 ,Income Support ,Unemployment ,Demographic economics ,Original Article ,Ecuador ,E24 - Abstract
By combining household survey data before and during the COVID-19 pandemic with detailed tax-benefit simulations, this paper quantifies the distributional effects of COVID-19 in Ecuador and the role of tax-benefit policies in mitigating the immediate impact of the economic shocks. Our results show a dramatic increase in income poverty and inequality between December 2019 and June 2020, the period when the economy was hit the hardest. The national poverty headcount increases from 25.7 to 58.2%, the extreme poverty headcount from 9.2 to 38.6%, and the Gini coefficient from 0.461 to 0.592. On average, household disposable income drops by 41%. The new Family Protection Grant provides income protection for the poorest income decile. However, overall tax-benefit policies do little to mitigate the losses in household incomes due to the pandemic. Informal workers, in particular, are left unprotected due to the lack of income support in the event of unemployment.The online version contains supplementary material available at 10.1057/s41287-021-00490-1.En combinant les données d'enquêtes auprès des ménages avant et pendant la pandémie de COVID-19 avec des simulations détaillées d’impôts et de prestations, cet article quantifie les effets distributifs de la COVID-19 en Équateur et le rôle que jouent les politiques d’impôts et des prestations pour atténuer l'impact immédiat des chocs économiques. Nos résultats montrent une hausse spectaculaire de la pauvreté monétaire et des inégalités entre décembre 2019 et juin 2020, période durant laquelle l'économie a été le plus durement touchée. Le taux national de pauvreté passe de 25,7% à 58,2%, le taux d'extrême pauvreté de 9,2% à 38,6% et le coefficient de Gini de 0,461 à 0,592. En moyenne, le revenu disponible des ménages baisse de 41%. La nouvelle allocation de protection familiale offre une assurance de protection des revenus aux 10% des ménages les plus pauvres. Cependant, de façon générale, les politiques d’impôts et des prestations en font peu pour atténuer les pertes de revenus des ménages en raison de la pandémie. Les travailleurs et travailleuses informel·le·s, en particulier, sont laissé·e·s sans protection en raison de l'absence d’allocation de revenu en cas de chômage.
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- 2022
34. THE ROOT CAUSES OF ECONOMIC INEQUALITY OF SAMTSKHE-JAVAKHETI REGION AND THE REDUCTION WAYS
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Giorgi Jvaridze
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Reduction (complexity) ,Economic inequality ,Gini coefficient ,Modeling and Simulation ,Progressive tax ,Econometrics ,Economics ,Proportional tax - Abstract
The introduction discusses the importance of the study problem, study subject and object, the goal and objectives, the described research methodology and findings of the research. The innovations of the research are highlights. The research was conducted in Samtskhe-Javakheti region. At the beginning, the reasons of unequal distribution of income from the perspective of different scientists, the coefficients of the equal and unequal distributions are reported. For presenting global economic inequity we referred the study of Monetary Fund, according to it the global inequity index is 0.55-0.70. In 2018 Gini coefficient in Georgia reached to 0,37, while it is close to the critical range (0,41-0,46). Gini Coefficient are as follows according to the municipalities of Samtskhe-Javakheti -Akhaltsikhe - 0,41, Adigeni - 0,52, Aspindza - 0,52, Borjomi - 0,47, Akhalkalaki - 0,50, Ninotsminda - 0,56. According to the findings an average inequality index of the region is 0,49, or 0,09 higher than it is estimated by the Geostat for the region (0,40). We conducted a public attitude survey on starting up business and immigration. 60-80% of surveyed reported that they have no business as they cannot start it. 90-100% plans to immigrate. In order to develop an inclusive business, it is necessary to support skilled young people from the vulnerable families, include them in the business study and organizing business incubators. The study reports an explain establishment costs per one business incubator which should be covered by the local budget. Another problem referred is substitution of a proportional tax by introduction of progressive tax. All the promoted countries in the world apply the progressive tax system, what means that tax payer with higher income pays more compared to those who have less income. There is untaxed income as well. We developed the scale for progressive tax for Georgia and Samtskhe-Javakheti region in particular and defined the size for the non-taxable income as well (500GEL).
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- 2021
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35. An analysis of the Effect of Public Subsidies on Income Inequality of Forestry Household using Gini Coefficient Decomposition
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Minseong Kang, Kyungsoo Nam, Yiyang Qiao, Jeon-sang Kang, and Byeong-il Ahn
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Gini coefficient ,Economic inequality ,Economics ,Econometrics ,Decomposition (computer science) ,Subsidy - Published
- 2021
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36. Does income inequality matter for CO2 emissions in Russian regions?
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Natalia Davidson, Sophia Turkanova, and Oleg Mariev
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Sustainable development ,Economics and Econometrics ,education.field_of_study ,Index (economics) ,Gini coefficient ,INCOME INEQUALITY ,CLIMATE CHANGE ,Economics, Econometrics and Finance (miscellaneous) ,Population ,ENVIRONMENTAL KUZNETS CURVE ,Decile ,Econometric model ,Economic inequality ,Kuznets curve ,CO2 EMISSIONS ,Economics ,Demographic economics ,education ,ECONOMIC DEVELOPMENT - Abstract
Research background:Intensive economic growth in Russian regions during recent decades has been associated with numerous environmental issues, particularly increasing CO2 emissions, as well as income inequality. To achieve sustainable development, it is necessary to resolve these issues. Purpose of the article: To shed light on the impact of income inequality on CO2 emissions based on Russian regional data covering the years 2004–2018. Methods: Gini index and decile dispersion ratio are used to measure income inequality. To study the impact of income inequality on CO2 emissions in the Russian regions, we estimate econometric models with fixed and random effects and apply GMM method. We test the hypothesis of the environmental Kuznets curve to determine the impact of economic growth on CO2 emissions. Findings & value added: The results show that CO2 emissions increase in tandem with growth in income inequality between 10% of people with the lowest income and 10% of people with the highest income. Simultaneously, CO2 emissions decrease with growth of Gini coefficient. The hypothesis of the Environmental Kuznets Curve was confirmed based on GMM method. Our findings underscore that the activities of the extraction and manufacturing sectors, as well as energy consumption, increase CO2 emissions. The chief significance of this paper is the finding that large income gap between extremely rich and extremely poor population cohorts increases CO2 emissions. This implies that economic policy aimed at reducing income inequality in Russian regions will also reduce CO2 emissions, especially if accompanied by increased use of environmentally friendly technologies. From the international perspective, our research can be extended to study other countries and regions. © Instytut Badań Gospodarczych. This research was supported by a grant from the Russian Science Foundation № 19-18-00262: “Empirical modelling of balanced technological and socioeconomic development in the Russian regions”.
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- 2021
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37. The nonlinear effects of tourism on rural income inequality and urban–rural income inequality: Evidence from China
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Jiekuan Zhang
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Gini coefficient ,Inequality ,media_common.quotation_subject ,Geography, Planning and Development ,Rural income ,Domestic tourism ,Economic inequality ,Tourism, Leisure and Hospitality Management ,Economics ,Academic community ,Demographic economics ,China ,Tourism ,media_common - Abstract
Tourism’s relationship with income inequality is a hot spot in the academic community; however, few studies focus on how tourism shapes rural income inequality, despite its significant role in rural poverty alleviation. This article investigates the nonlinear effects of tourism on urban–rural income inequality and rural income inequality based on data from China’s provincial regions over the period 1995–2018, using the dynamic panel data approach. This study further examines the regional heterogeneity of such effects. The results demonstrate that for the national sample, there exists a significant cubic curve relationship between domestic tourism and rural income inequality. However, inbound tourism’s relationship with rural income inequality is not significant. Besides, there exists an N-shaped Kuznets curve between domestic or inbound tourism and urban–rural income inequality. The effects of tourism on rural income inequality and urban–rural income inequality vary significantly across the eastern, middle, and western regions. From east to middle to west, the significance of inbound tourism’s influence on income inequality decreases gradually. This study also highlights some critical theoretical and practical implications. Unlike prior studies, this article builds the first comprehensive research framework consisting of tourism, rural income inequality, and urban–rural income inequality.
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- 2021
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38. Income inequality and environmental degradation in Egypt: evidence from dynamic ARDL approach
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Ibrahim Mohamed Ali Ali
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Macroeconomics ,Short run ,Gini coefficient ,Inequality ,Cointegration ,Health, Toxicology and Mutagenesis ,media_common.quotation_subject ,General Medicine ,Pollution ,Economic inequality ,Income distribution ,Economics ,Environmental Chemistry ,Redistribution of income and wealth ,Environmental degradation ,media_common - Abstract
Over the past four decades, the Egyptian economy has suffered from both income inequality and environmental degradation. This dual problem raises the question about the nature of the relationship between inequality and the environment in a developing country like Egypt. In this regard, the study aims to examine the impact of income inequality on carbon emissions during the period 1975–2017. The analysis considers the ability of the political economy approach compared to the Keynesian trade-off approach to explain the inequality-environment relationship in Egypt. To do this, the novel dynamic autoregressive distributed lags approach is employed to capture the short-run and long-run relationships and to overcome the complications associated with the structure of the widely used autoregressive distributive lags model. The findings show that the relationship between inequality and CO2 emissions is not a trade-off. Rather, inequality leads to environmental deterioration in the long run, but there is no significant effect in the short run. In the long run, a 1% rise in the Gini coefficient increases CO2 emissions by 2.28%. These results support the political economy approach in explaining the inequality-environment nexus. Hence, the economic development policies adopted in Egypt during the past four decades have led to a negative impact on the environment. The study advises economic policy makers in Egypt to adopt income redistribution policies to reduce the severity of income inequality. Improving income distribution has a positive effect on the environment in Egypt.
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- 2021
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39. The Relationship between Income Inequalities and Economic Growth: New Evidence
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Milena Kowalska
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Index (economics) ,Variables ,Economic development ,Gini coefficient ,Inequality ,media_common.quotation_subject ,Gross domestic product ,Public good ,General Business, Management and Accounting ,Equality ,Economic inequality ,Dummy variable ,Per capita ,Economics ,Demographic economics ,Welfare economics ,General Economics, Econometrics and Finance ,media_common - Abstract
PURPOSE: The study aims to analyze the relationship between the pace of economic development expressed by the GDP index and the level of income inequalities measured by the Gini coefficient., DESIGN/METHODOLOGY/APPROACH: The research hypothesis assumes that the level of income inequalities influences GDP growth. I hypothesize that this relationship is negative – a lower level of income inequalities favor the economic growth. I use the GDP per capita (per adult) year-to-year index to measure the pace of economic development. GDP index is a dependent variable in all estimated models. The explanatory variables are, GINI index, net national saving, public goods spending, country's dummy variables, year dummy variables., FINDINGS: Using data from 43 countries covering the years 1990-2017, I prove that (1) higher income inequality is related to higher economic growth (but only on the level of the sample); (2) a level of savings affects the economic growth positively; (3) a higher level of spending on public goods affects GDP positively (on the level of the whole sample and in the group of more improve rished countries)., PRACTICAL IMPLICATIONS: The analysis confirms the positive relationship between income inequalities and the pace of economic development, but only at the whole sample level. Higher public spending positively affects economic growth. Savings accumulated by the citizens significantly affect economic growth, as a higher level of savings creates greater investment opportunities., ORIGINALITY/VALUE: Inequalities are an inherent part of society and the economy. It is often presumed that if the level of income inequality is too high, it negatively affects the economy by lowering the development pace. Although the previous findings are somewhat mixed, I pose the research hypothesis assuming a low level of income inequality is linked to higher GDP growth., The project is financed by the Ministry of Science and Higher Education in Poland under the programme "Regional Initiative of Excellence" 2019 - 2022 project number 015/RID/2018/19 total funding amount 10 721 040,00 PLN., peer-reviewed
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- 2021
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40. Equality and Equity in Emerging Multilateral Financial Institutions: The Case of the BRICS Institutions
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Lize Yang and Hang Luo
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Finance ,Economics and Econometrics ,Global and Planetary Change ,Majority rule ,Equity (economics) ,Gini coefficient ,business.industry ,media_common.quotation_subject ,Weighted voting ,Management, Monitoring, Policy and Law ,Investment banking ,Voting ,Political Science and International Relations ,Economics ,Lorenz curve ,business ,China ,Law ,media_common - Abstract
The New Development Bank (NDB) and the BRICS Contingent Reserve Arrangement (CRA) were built by Brazil, Russia, India, China, and South Africa (the BRICS countries) in response to the ‘disappointing’ Bretton Woods Institutions, including the World Bank and the International Monetary Fund (IMF). The main difference between the Bretton Woods Institutions and the BRICS institutions is that the latter adopts an equal‐weight system instead of a weighted voting system in the NDB (all five BRICS countries have equal shares and voting weights regardless of the major differences in their economic weights) and uses consensus instead of majority voting rules to make decisions regarding critical issues in the CRA. In fact, both the equal‐weight system and consensus rule are unprecedented in the history of multilateral financial institutions. The World Bank, the IMF, the Asian Development Bank and even the Asian Infrastructure Investment Bank (AIIB) all adopt weighted voting systems and majority voting rules. We explain why the BRICS countries adopt these unprecedented designs through precise power measurements and carefully designed experiments. First, we measure the voting power of each member of the BRICS’ NDB and CRA under the current decision‐making systems, using this information as a control group. Then, we remeasure the voting power of each member of the NDB under the assumption that their shares and voting weights are allocated according to their economic weights; additionally, we remeasure the voting power of each country of the CRA under the assumption that majority rules are adopted when decisions are being made on critical issues. Moreover, we establish evaluation indices of power equality and power equity based on classic and variant Gini coefficients and Lorenz curves and use them to assess and compare the power structures of the BRICS’ NDB and CRA in the contexts of different voting weight reallocations and different voting rules redesigns. We use these indices to precisely analyse whether the power structures of the BRICS institutions become more equable or equitable in the examined contexts and to investigate the relationship between equality and equity in this setting.
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- 2021
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41. The effects of tourism on income inequality: A meta-analysis of econometrics studies
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Jiekuan Zhang
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Gini coefficient ,Economic inequality ,Sample size determination ,Tourism, Leisure and Hospitality Management ,Openness to experience ,Scopus ,Economics ,Econometrics ,Sample (statistics) ,Affect (psychology) ,Tourism - Abstract
Tourism has a significant impact on income inequality, which seems to be an academic consensus. However, there are still great differences in impact direction and intensity. This study uses the meta-analytic technique to reconcile the results of 12 econometrics studies derived from the Web of Science and Scopus databases examining the relationship between tourism and income inequality measured as the Gini coefficient. The results show that tourism increases income inequality significantly. Moreover, economic growth and trade openness positively moderate the effects of tourism on income inequality. Besides, the sample characteristics, including research period, midpoint of research period, sample size, destination type, and data type, significantly affect the relationship between tourism and income inequality as well. This study reaches a more reliable, robust and universal conclusion about the relationship between tourism and income inequality. Also, it gives theoretical and practical implications for future research and decision-makers.
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- 2021
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42. Productive government expenditure and its impact on income inequality: evidence from international panel data
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Stephen J. Turnovsky and Iñaki Erauskin
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Income shares ,Government ,Endogenous growth theory ,Economic inequality ,Gini coefficient ,Economics ,Demographic economics ,Government expenditure ,Investment (macroeconomics) ,General Economics, Econometrics and Finance ,Panel data - Abstract
This paper addresses the impact of productive government expenditure on income inequality using a dataset of 80 countries over the period of 1980–2015. It incorporates the conflicting predictions implied by alternative growth models on this issue. While the neoclassical model suggests that productive government expenditure will reduce long-run income inequality, the corresponding endogenous growth model suggests the opposite. We examine this proposition, by considering both the aggregate Gini coefficient, and the income shares of quintiles. The results obtained using the Gini coefficients provide compelling support for the contrasting impacts of government investment on income inequality, suggested by the underlying theoretical models. These findings are supported, albeit somewhat more weakly by the regressions employing the quintile data. Our general conclusion is that government investment has a mixed effect on income inequality, a conclusion consistent with previous studies.
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- 2021
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43. Environmental impacts of income inequality: evidence from G7 economies
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Kazeem Bello Ajide and Ridwan Lanre Ibrahim
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Theil index ,Cointegration ,Gini coefficient ,Health, Toxicology and Mutagenesis ,General Medicine ,Carbon Dioxide ,Environment ,Pollution ,Gross domestic product ,Atkinson index ,Cross-Sectional Studies ,Economy ,Economic inequality ,Income ,Per capita ,Economics ,Environmental Chemistry ,Economic Development ,Unit root - Abstract
This study probes the environmental consequences of income inequality (INQ) in G7 economies from 1971 to 2015. INQ is captured by four indicators comprising GINI coefficients, Palma ratio, Theil index, and Atkinson index on per capita carbon emission as a proxy for environmental degradation using both fully modified OLS (FM-OLS) and dynamic OLS (D-OLS). The empirical data are subjected to pre-test using cross-sectional dependence (CSD) test and panel unit root and panel cointegration tests. The following results are established. First, the absence of CSD and presence of cointegration is confirmed. Second, positive effects of INQ indices are reported for the panel analyses. Third, the results of country-specific analyses are divergent and mixed among the G7 economies. For instance, positive impacts are reported for Canada, Japan, and the USA and negative for France and Germany; and insignificant impacts are evident in the case of Italy and the UK. Fourth, the effects of other covariates emerge from two directions entailing both positive and negative. While per capita GDP (LGDPPC) and trade openness (OPN) are aligned with the former a prior, per energy use (PEU) and inflation (INF) satisfied the latter. Consequently, embarking on pro-poor programs such as social welfare funds, private initiative support fund, and state intervention aimed at checkmating the excesses of the capitalists is seen as sacrosanct to solving the INQ-pco2 nexus disharmony.
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- 2021
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44. Impact of the 2008 Recession on Wealth-Adjusted Income and Inequality for U.S. Cohorts
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Stephen Crystal and Naomi Zewde
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Home equity ,Social Psychology ,Inequality ,Financial asset ,media_common.quotation_subject ,Population ,Recession ,Cohort Studies ,Economics ,Humans ,education ,THE JOURNAL OF GERONTOLOGY: Social Sciences ,media_common ,Family Characteristics ,Income shares ,education.field_of_study ,Gini coefficient ,Adjusted gross income ,Clinical Psychology ,Economic Recession ,Socioeconomic Factors ,Income ,Educational Status ,Demographic economics ,Geriatrics and Gerontology ,Gerontology - Abstract
Objective To examine the distributional effects of the 2008 recession and subsequent recovery across generational cohorts. Methods Using data from the Survey of Consumer Finances (2007–2016), we constructed a measure of economic well-being accounting for income, household size, and annuitized value of assets. We examine trajectories of adjusted income and inequality, using Gini coefficients and income shares by decile, for the overall population and by cohort during the recession and recovery. Results Inequality declined temporarily during the recession, but reached new highs during the recovery. During recovery, population-level increases in economic resources were not reflected among below-median households, as the more concentrated financial assets rose while broader-based home equity and employment fell or remained stagnant. Inequality measures increased for cohorts in their primary working years (Generation-X and Baby Boomers), but not among the younger Millennials, who were at early stages of education, workforce entry, and household formation. Discussion The study illustrates an integrative approach to analyzing cumulative dis/advantage by considering interactions between historically consistent macrolevel events, such as economic shocks or policy choices affecting all cohorts, and the persistent life-course processes that tend to increase heterogeneity and inequality as cohorts age over time. Although recovery policies led to rapid recovery of financial asset values, they did not proportionately reach those below the median or their economic resource types. Results suggest that in a high-inequality environment, recovery policies from economic shocks may need tailoring to all levels of resources in order to achieve more equitable recovery outcomes and prevent exacerbating cohort inequality trajectories.
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- 2021
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45. Why We Should Use the Gini Coefficient to Assess Punctuated Equilibrium Theory
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Constantin Kaplaner and Yves Steinebach
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Sociology and Political Science ,Gini coefficient ,Punctuated equilibrium ,media_common.quotation_subject ,05 social sciences ,01 natural sciences ,0506 political science ,010104 statistics & probability ,Political Science and International Relations ,050602 political science & public administration ,Econometrics ,Economics ,0101 mathematics ,media_common - Abstract
Punctuated Equilibrium Theory posits that policy-making is generally characterized by long periods of stability that are interrupted by short periods of fundamental policy change. The literature converged on the measure of kurtosis and L-kurtosis to assess these change patterns. In this letter, we critically discuss these measures and propose the Gini coefficient as a (1) comparable, but (2) more intuitive, and (3) more precise measure of “punctuated” change patterns.
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- 2021
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46. The Relation Between Trading Volume Concentration and Stock Returns
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Yi Ting Wen, Chen-Chang Lo, Yaling Lin, and Jiann-Lin Kuo
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Gini coefficient ,Stock exchange ,Yield (finance) ,Econometrics ,Economics ,Event study ,Sample (statistics) ,Trading strategy ,Market timing ,Stock (geology) - Abstract
The Taiwan Stock Exchange discloses data on daily trading volume across brokerage firms for each listed stock. Market practitioners suggest that the concentration of trading volume contains information on the trading behaviors of big players. We use the Gini Coefficient to measure the degree of concentration, upon which a trading strategy is proposed. We conduct an event study to examine whether such a strategy will yield abnormal returns. Our sample contains 375 listed companies with events identified during the sample period from February 2020 to August 2020. The empirical results show that the trading signal based on the Gini coefficient is informative and that most of the average abnormal returns after the event date are significantly positive with the cumulative average abnormal returns increasing almost monotonically up to the end day of the event window. Consistent with prior studies in which different measures of concentration are utilized, our findings provide additional evidence that the Gini Coefficient could help investors to develop profitable stock selection and market timing strategies.
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- 2021
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47. Per capita CO2 emissions divergence influenced by bilateral trade with china under the belt and road initiative
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Cong Hu, Xunpeng Shi, and Yan Wu
- Subjects
Environmental Engineering ,Gini coefficient ,Renewable Energy, Sustainability and the Environment ,020209 energy ,Instrumental variable ,Climate change ,02 engineering and technology ,010501 environmental sciences ,01 natural sciences ,Industrial and Manufacturing Engineering ,Agricultural economics ,Bilateral trade ,0202 electrical engineering, electronic engineering, information engineering ,Economics ,Per capita ,Environmental Chemistry ,China ,0105 earth and related environmental sciences ,Panel data ,Generalized method of moments - Abstract
This paper is an empirical study of per capita CO2 emissions divergence. Trade intensity reflects the strength of bilateral trade relations between China and the Belt and Road Initiative (BRI) countries. Using panel data covering 97 of the BRI countries from 2002 to 2017 and employing the dynamic panel system generalized method of moments (GMM) model with additional instrumental variables of remoteness and the Shapley value decomposition technique, this study has three main findings. First, the import intensity from China tends to restrain per capita CO2 emissions, but the export intensity to China tends to promote per capita CO2 emissions of BRI countries. Second, the Gini coefficient of per capita CO2 emissions continually decreases, representing a gradually weakened divergence. Third, from 2009 the impact of import intensity from China on the divergence changed from increasing CO2 emissions to restraining them. However, export intensity to China has continually promoted the divergence among the BRI countries, with the impact being largest in 2016. The results suggest that China should adjust the sources of its energy imports and the destinations of its exports, and develop green trade cooperation with the BRI countries to jointly tackle climate change.
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- 2021
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48. Высокое ли экономическое неравенство в России? Вопросы измерения, показатели и их оценки
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Economics and Econometrics ,Official statistics ,Sociology and Political Science ,Gini coefficient ,Inequality ,business.industry ,media_common.quotation_subject ,Distribution (economics) ,Development ,Atkinson index ,Decile ,Economic inequality ,Income distribution ,Econometrics ,Economics ,business ,Demography ,media_common - Abstract
Правильный выбор и корректная интерпретация методологии измерения неравенства важны для понимания особенностей и глубины экономического неравенства в России. В данной статье рассмотрены оценки для России основных показателей неравенства, используемых в международных исследованиях. В первой части статьи представлены оценки неравенства в России по официальным статистическим данным Росстата и проанализированы альтернативные оценки по расчетам международных организаций и отдельных групп ученых. Также исследуются показатели неравенства и ряд методологических аспектов измерения, которые необходимо учитывать при проведении расчетов. В рамках этого показано, как выбранные показатели и используемые данные влияют на оценку неравенства. Дана оценка неравенства россиян по накопленному богатству и описана специфика доходного неравенства российского населения, а именно наличие тяжелых хвостов распределений.Во второй части статьи на данных ОЭСР проведено сравнение неравенства по доходам населения России и других стран по различным показателям. Согласно результатам, по большинству показателей Россия относится к группе стран с умеренно высоким неравенством по доходам (выше среднего уровня ОЭСР), а с учетом дооценки доходов самого богатого верхнего дециля на основе данных по богатству и налоговой статистике она становится одним из мировых лидеров по неравенству (как по оценкам Credit Suisse, так и Т. Пикетти). Автор приходит к выводу, что для получения объективной картины неравенства необходимо его оценивание одновременно по нескольким измерениям. Помимо стандартных показателей дифференциации доходов (таких как коэффициент Джини и децильный коэффициент), важно учитывать и ряд других показателей, которые отражают специфику распределения доходов в России, в частности, наличие тяжелого хвоста. Особый интерес представляют показатели, учитывающие особенности распределения доходов россиян в концах распределений (коэффициент Пальма и др.) и чувствительные к изменению доходов среди бедных слоев населения (индекс Аткинсона, среднее логарифмическое отклонение).
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- 2021
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49. INCOME INEQUALITY IN UKRAINE: FEATURES OF ECONOMIC BEHAVIOR OF HOUSEHOLDS
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education.field_of_study ,Inequality ,Gini coefficient ,media_common.quotation_subject ,Population ,Mathematical statistics ,General Medicine ,Standard of living ,Econometrics ,Economics ,Per capita ,Household income ,Lorenz curve ,education ,media_common - Abstract
The goal of article is to identify the characteristics of economic behavior of households based on the study of inequality and statistical analysis of their income and expenditure for the period of 2014–2019. The population differentiation according to the level of per capita equivalent income for 2019 was analyzed and Gini coefficient was calculated based on the methods of economic and mathematical statistics. The Lorentz concentration curve was constructed using the graphical-variational method. Based on the method of analysis and synthesis, the resources and expenditures of households in 2014–2019 were studied and conclusions were made about their economic behavior. The calculated Gini coefficient for Ukraine's economy in 2019 is 23.50% which means that there is a moderate level of inequality in the country. The analysis of household income and expenditure statis-tics provides information on low standards of living, as the main sources of household income are wages, pensions, scholarships, and social benefits; the most important item of expenditure is food expenditures. Economic behavior of households, resulting from the current standard of living, the structure of its resources and expenditures, is defined as passive and is characterized by adaptation, conformism and patience of the population to their living conditions, which hinders the active development of so-cio-economic system and the change of economic thinking. The Lorentz curve proves the low level of population differentiation in Ukraine, however, given the high proportion of the poor in the country, there is a need to improve the methodology for collecting and compiling statistical information. The scientific novelty is in the practical application of the method of calculating the Gini coef-ficient and construction of the Lorentz concentration curve on the basis of data from the State Statistics Service was developed. Based on the analysis of household income and expenditure, the type of their economic behavior was defined as passive. The practical significance is in the basis for the study of different types of economic human behavior in the system of social relations based on the analysis of socio-economic inequality was developed. Keywords: income inequality, economic behavior, welfare level, Gini coefficient, Lorentz curve. У статті виявлено особливості економічної поведінки домогосподарств на основі дослідження нерівності та статистич-ного аналізування їх доходів і витрат за період 2014–2019 років. На основі методів економіко-математичної статистики проаналізовано диференціацію населення за рівнем середньодушових еквівалентних доходів за 2019 рік, розраховано коефіцієнт Джині. За допомогою графічно-варіаційного методу побудована крива концентрації Лоренца. Розрахований коефіцієнт Джині для економіки України у 2019 році складає 23,50% та означає, що наявний помірний рівень нерівності в країні. Аналізування статистики доходів та витрат домогосподарств надає інформацію про низький рівень життя насе-лення, оскільки основними джерелами формування грошових доходів домогосподарств є оплата праці, пенсії, стипендії, соціальні допомоги, а найбільш вагомою статтею витрат залишаються витрати на продукти харчування. Економічна по-ведінка домогосподарств, що випливає з поточного рівня життя населення, структури його ресурсів і витрат, визначається як пасивна та характеризується пристосуванством, конформізмом та терплячістю населення до умов їх існування, що заважає активному розвитку соціально-економічної системи та зміни економічного мислення населення. Крива Лоренца підтверджує низький рівень диференціації населення в Україні, але зважаючи на високу долю бідного населення в країні є потреба удосконалення методики збору та формування статистичної інформації. Ключові слова: нерівність доходів, економічна поведінка, рівень добробуту, коефіцієнт Джині, крива Лоренца.
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- 2021
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50. Changes in the women’s labor market and education and their impacts on marriage and inequality: evidence from Brazil
- Author
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Sergio Firpo and Lorena Hakak
- Subjects
Statistics and Probability ,Economics and Econometrics ,Inequality ,Gini coefficient ,media_common.quotation_subject ,05 social sciences ,Assortative mating ,Wage ,Family economics ,Affect (psychology) ,Mathematics (miscellaneous) ,Economic inequality ,0502 economics and business ,Marriage market ,Economics ,Household income ,Demographic economics ,050207 economics ,Developed country ,Social Sciences (miscellaneous) ,050205 econometrics ,media_common - Abstract
From 1992 to 2014, Brazil experienced a decline in income inequality along with a significant increase in schooling level, though the latter was more pronounced among women. Brazil also experienced a decline in returns to education, whereas an opposite trend was observed in several developed countries and China. In this paper, we evaluate the effects of educational, marital, and labor market factors on the income inequality of married couples. We also analyze how changes in educational assortative mating affect their income. Our findings suggest that changes in educational marital sorting parameters had a small but statistically significant effect on household income inequality. We show that growth in female labor force participation and a decrease in the gender wage gap explain part of the decline of the Gini coefficient. Educational factors also explain a part of that decline. Nevertheless, the main driver of the reduction in income inequality among couples appears to be the overall decrease in the educational wage gap.
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- 2021
- Full Text
- View/download PDF
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