Evaluating The Distributional Implications Of Price Movements: Methodology, Application And Australian Evidence
AbstractThis paper investigates the distributional implication of inflation in Australia. It proposes and applies a method of evaluating the nature and size of the inequality bias of price movements. In the process, the study introduces a new demographic demand model that yields sensible and well determined estimates of the general equivalence scale and the size economies of scale. The study finds that inflation in Australia during the 1990s had an inequality increasing bias and that this bias increased in the late 1990s and the first part of the new millennium. The study also provides evidence on the decomposition of overall inequality between demographic groups and compares the decomposition between the nominal and real expenditure inequalities.
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Bibliographic InfoPaper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number 33/08.
Length: 29 pages
Date of creation: 03 Nov 2008
Date of revision:
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Postal: Department of Economics, Monash University, Victoria 3800, Australia
Web page: http://www.buseco.monash.edu.au/eco/
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Other versions of this item:
- Aaron Nicholas & Ranjan Ray & Ma. Rebecca Valenzuela, 2010. "Evaluating the Distributional Implications of Price Movements: Methodology, Application and Australian Evidence," The Economic Record, The Economic Society of Australia, vol. 86(274), pages 352-366, 09.
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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- Kenneth W Clements & Grace Gao, 2011.
"Quality, Quantity, Spending and Prices,"
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11-12, The University of Western Australia, Department of Economics.
- Ankita Mishra & Ranjan Ray, 2009.
"Prices, Inequality and Poverty: Methodology and Indian Evidence,"
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27-09, Monash University, Department of Economics.
- Ankita Mishra & Ranjan Ray, 2011. "Prices, Inequality, And Poverty: Methodology And Indian Evidence," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 57(3), pages 428-448, 09.
- Manisha Chakrabarty & Amita Majumder & Ranjan Ray, 2012. "Preferences, Spatial Prices and Inequality," Monash Economics Working Papers 52-12, Monash University, Department of Economics.
- Aaron Nicholas & Ranjan Ray, 2012.
"Duration and Persistence in Multidimensional Deprivation: Methodology and Australian Application,"
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The Economic Society of Australia, vol. 88(280), pages 106-126, 03.
- Aaron Nicholas & Ranjan Ray, 2011. "Duration and Persistence in Multidimensional Deprivation: Methodology and Australian Application," Monash Economics Working Papers 10-11, Monash University, Department of Economics.
- Hooi Hooi Lean & Ma. Rebecca Valenzuela, 2012. "Inequality in Australia 1983-2004: A Stochastic Dominance Approach," Monash Economics Working Papers 06-12, Monash University, Department of Economics.
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