Cross-country inequalities in aggregate welfare: some evidence
International inequality in aggregate welfare levels has been estimated with the help of Sen and Theil indexes. Results reveal that welfare inequalities have reduced recently and that mean income differences explain most of these inequalities, and its reduction. These findings imply that, at least from the perspective of the Sen Index, no significant information is lost if per capita incomes inequalities are used as a proxy of welfare levels differences.
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Volume (Year): 8 (2001)
Issue (Month): 6 ()
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