Evaluating patterns of income growth when status matters: a robust approach
This paper addresses the problem of ranking growth episodes from a microeconomic per- spective. While most of the existing criteria, framed in the pro-poor growth tradition, are either based on anonymous individuals or use to identify them on the base of their status in the initial period, this paper proposes new criteria to evaluate growth, which are robust to the choice of the reference period used to identify individuals. Suitable dominance conditions that can be used to rank alternative growth processes are derived by means of an axiomatic approach. Moreover, the theoretical results are used to rank the diâ†µerent growth episodes that took place in the last decade in Australia, Germany, Korea, Switzerland, and US.
|Date of creation:||Sep 2015|
|Date of revision:||Sep 2015|
|Contact details of provider:|| Postal: Largo Abbazia S. Scolastica, 53 - 70124 - Bari - ITALY|
Web page: http://www.uniba.it/ricerca/dipartimenti/dse
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- Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008.
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- Frank A. Cowell, 1985. "Measures of Distributional Change: An Axiomatic Approach," Review of Economic Studies, Oxford University Press, vol. 52(1), pages 135-151.
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