Measuring the impact of prices on inequality: with applications to Thailand and Korea
AbstractThis paper develops a new methodology to compute social cost of living indices. These indices indicate whether or not price changes have a favourable (or unfavourable) impact on the welfare of the poor. The indices are derived on the basis of two alternative classes of social welfare functions. The methodology developed in the paper is applied to compute social cost of living indices for Thailand and Korea. The empirical results show that changes in prices have generally affected the poor more adversely than the non-poor.
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Bibliographic InfoPaper provided by International Policy Centre for Inclusive Growth in its series Working Papers with number 11.
Date of creation: Jan 2006
Date of revision:
Publication status: Published by UNDP - International Poverty Centre, January 2006, pages 1-29
Social Cost of Living; Democratic and Plutocratic costs of living indices; Social expenditure function; Social budget shares; Atkinson?s inequality;
Find related papers by JEL classification:
- F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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