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.
- Theil, Henri, 1979. "The measurement of inequality by components of income," Economics Letters, Elsevier, vol. 2(2), pages 197-199.
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- Kraus, Margit, 2000. "Social security strategies and redistributive effects in European social transfer systems," ZEW Discussion Papers 00-40, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Peter Gottschalk & Timothy M. Smeeding, 1997. "Cross-National Comparisons of Earnings and Income Inequality," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 633-687, June.
- 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.
- Bourguignon, Francois, 1979. "Decomposable Income Inequality Measures," Econometrica, Econometric Society, vol. 47(4), pages 901-20, July.
- Shorrocks, A F, 1980. "The Class of Additively Decomposable Inequality Measures," Econometrica, Econometric Society, vol. 48(3), pages 613-25, April.
- Frank A. Cowell, 1980. "On the Structure of Additive Inequality Measures," Review of Economic Studies, Oxford University Press, vol. 47(3), pages 521-531.
- Theil, Henri & Theil, Henri, 1979. "World income inequality and its components," Economics Letters, Elsevier, vol. 2(1), pages 99-102.
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