Measuring Income Inequality in Euroland
In this paper we propose an aggregate measure of income inequality for the founding countries of the European monetary union. Applying the methodology of the Theil index we are able to derive a measure for Euroland as a whole by exploiting information from two data sets: the European Community Household Panel and the Luxembourg Income Study. The property of additive decomposability allows us to determine each country's contribution as well as that of each demographic group to overall income inequality. In addition the impact of government transfers on this inequality measure is assessed.
|Date of creation:||Oct 2000|
|Date of revision:|
|Publication status:||Published in Review of Income and Wealth, 2001, vol. 47, no. 3,pp. 301-320|
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- Atkinson, A.B., 1995. "Income Distribution in Europe and United States," Economics Papers 103, Economics Group, Nuffield College, University of Oxford.
- Bourguignon, Francois, 1979. "Decomposable Income Inequality Measures," Econometrica, Econometric Society, vol. 47(4), pages 901-20, July.
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- Cowell, Frank A, 1980. "On the Structure of Additive Inequality Measures," Review of Economic Studies, Wiley Blackwell, vol. 47(3), pages 521-31, April.
- A B Atkinson, 1995.
"Income Distribution in Europe and the United States,"
13 & 103., Economics Group, Nuffield College, University of Oxford.
- Atkinson, A B, 1996. "Income Distribution in Europe and the United States," Oxford Review of Economic Policy, Oxford University Press, vol. 12(1), pages 15-28, Spring.
- Berry, Albert & Bourguignon, Francois & Morrisson, Christian, 1983. "The Level of World Inequality: How Much Can One Say?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 29(3), pages 217-41, September.
- Shorrocks, A F, 1980. "The Class of Additively Decomposable Inequality Measures," Econometrica, Econometric Society, vol. 48(3), pages 613-25, April.
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