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Assessing Aggregate Welfare: Growth and Inequality in Argentina

Author

Listed:
  • Leonardo Gasparini
  • Walter Sosa Escudero

Abstract

This paper has two main goals. The first is to complement the Argentine mean income series with inequality estimates in order to obtain aggregate welfare series. Average income figures are estimated from National Accounts while income inequality indices are calculated from the Permanent Household Survey (EPH). Household income from the survey is adjusted for nonresponse, underreporting and demographics. The second objective of the article is to check the statistical significance of changes in inequality and welfare measures. Bootstrapping techniques are used to that aim. One of the main conclusions is that while welfare assessments coincide among different value judgments in some periods (e.g. 1991-1994), they widely vary in some others, particularly in the last four years (1994-1998), where the economy experienced moderate growth and large increases in inequality. It is argued that the period 1994-1998 provides an unprecedented laboratory for distinguishing the social preferences of different analysts according to their evaluation of the performance of the Argentine economy.

Suggested Citation

  • Leonardo Gasparini & Walter Sosa Escudero, 2000. "Assessing Aggregate Welfare: Growth and Inequality in Argentina," Department of Economics, Working Papers 021, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
  • Handle: RePEc:lap:wpaper:021
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    File URL: http://www.depeco.econo.unlp.edu.ar/doctrab/doc21.pdf
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    Cited by:

    1. Vanesa Valeria D'Elia, 2013. "Changes in pension inequality: A decomposition analysis of Argentina, 1995-2009," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 50(1), pages 48-81, May.
    2. Duro Moreno, Juan Antonio & Teixidó Figueras, Jordi, 2013. "International Equity on Greenhouse Gas Emissions and World Levels: an integrated analysis through distributive welfare indices," Working Papers 2072/220758, Universitat Rovira i Virgili, Department of Economics.
    3. Fields, Gary S. & Sánchez Puerta, María Laura, 2010. "Earnings Mobility in Times of Growth and Decline: Argentina from 1996 to 2003," World Development, Elsevier, vol. 38(6), pages 870-880, June.
    4. Ugo Panizza & Mónica Yañez, 2005. "Why are Latin Americans so unhappy about reforms?," Journal of Applied Economics, Universidad del CEMA, vol. 8, pages 1-29, May.
    5. Juan M. Sánchez, 2003. "Universitary Financing and Welfare: A Dynamic Analysis with Heterogeneous Agents and Overlapping Generations," Department of Economics, Working Papers 047, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    6. Monserrat Bustelo, 2004. "Caracterización de los Cambios en la Desigualdad y la Pobreza en Argentina Haciendo Uso de Técnicas de Descomposiciones Microeconometricas (1992-2001)," CEDLAS, Working Papers 0013, CEDLAS, Universidad Nacional de La Plata.
    7. Leonardo Gasparini, 2005. "Income Inequality in Latin America and the Caribbean: Evidence from Household Surveys," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0(1-2), pages 29-57, January-D.
    8. Bruno Linetzky & Fernando Maio & Daniel Ferrante & Jonatan Konfino & Carlos Boissonnet, 2013. "Sex-stratified socio-economic gradients in physical inactivity, obesity, and diabetes: evidence of short-term changes in Argentina," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 58(2), pages 277-284, April.
    9. D Elia, Vanesa, 2015. "Programas sociales en Argentina y bienestar: Impacto de la moratoria previsional y de la AUH
      [Social Programs in Argentina and Welfare: The impact of pension moratorium and the AUH]
      ," MPRA Paper 63980, University Library of Munich, Germany.
    10. Paula Giovagnoli & Georgina Pizzolitto & Julieta Trías, 2005. "Monitoring the Socio-Economic Conditions in Chile," CEDLAS, Working Papers 0019, CEDLAS, Universidad Nacional de La Plata.
    11. Hernán Winkler, 2005. "Monitoring the Socio-Economic Conditions in Uruguay," CEDLAS, Working Papers 0026, CEDLAS, Universidad Nacional de La Plata.
    12. Thomas Otter, 2009. "Characterization of inequality changes through microeconometric decomposition - Paraguay 1992-2005," Ibero America Institute for Econ. Research (IAI) Discussion Papers 189, Ibero-America Institute for Economic Research.
    13. World Bank, 2001. "Household Risk, Self-Insurance and Coping Strategies in Urban Argentina," World Bank Other Operational Studies 15467, The World Bank.

    More about this item

    Keywords

    Income distribution; inequality; welfare; Latin America; Argentina;

    JEL classification:

    • D3 - Microeconomics - - Distribution
    • D6 - Microeconomics - - Welfare Economics
    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics

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