Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the cross-country and over-time variation in changes in social welfare is due to changes in average incomes. In contrast, the changes in inequality observed during...
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INFORMACIÓN
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2014/04/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS6842
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1
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1
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2014/04/01
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Disclosed
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Growth, inequality, and social welfare : cross-country evidence
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Social Welfare