Median Income Versus Per Capita Income: Implications for Assessing Growth and Convergence
AbstractWhen the distribution of income is skewed, median income is a better indicator of theearnings of the representative memeber of society than the commonly used per capita income. Median income is linked to per capita income and the disparity in income-generating assets' ownership. While ownership identity is only imporatnt in the determination of the size of the change in per capita income, it is crucial for determining both the direction and the magnitude of changes inmedian income and, thereby, the prospects of growtand convergence in median income-centred analyses.
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Bibliographic InfoPaper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp97-7.
Length: 12 pages
Date of creation: 1997
Date of revision:
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Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://www.uow.edu.au/commerce/econ/
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INCOME DISTRIBUTION ; ECONOMIC GROWTH;
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- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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