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Income Composition Inequality

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  • , Stone Center

    (The Graduate Center/CUNY)

  • Ranaldi, Marco

Abstract

The purpose of this paper is twofold. First, it introduces a novel inequality concept, named income composition inequality. Second, it constructs an indicator for its measurement. This paper argues that the study of income composition inequality across the income distribution allows for (i) novel political economy analysis of the evolution of economic systems and (ii) the technical assessment of the relationship between the functional and personal distribution of income. Following an empirical application on six European countries, this paper discusses possible avenues for future research on the matter, ranging from development issues to public finance. (Stone Center on Socio-Economic Inequality Working Paper)

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  • , Stone Center & Ranaldi, Marco, 2020. "Income Composition Inequality," SocArXiv 365ct, Center for Open Science.
    • Handle: RePEc:osf:socarx:365ct
    DOI: 10.31219/osf.io/365ct
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    Cited by:

    1. Ranaldi, Marco & Milanović, Branko, 2022. "Capitalist systems and income inequality," Journal of Comparative Economics, Elsevier, vol. 50(1), pages 20-32.
    2. Marco Ranaldi, 2022. "Income Composition Inequality," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(1), pages 139-160, March.
    3. Roberto Iacono & Elisa Palagi, 2020. "Still the lands of equality? On the heterogeneity of individual factor income shares in the Nordics," LEM Papers Series 2020/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Teresa Lackner & Luca E. Fierro & Patrick Mellacher, 2024. "Opinion Dynamics meet Agent-based Climate Economics: An Integrated Analysis of Carbon Taxation," LEM Papers Series 2024/11, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    5. Marco Ranaldi & Elisa Palagi, 2022. "Heterogeneity in Macroeconomics: The Compositional Inequality Perspective," LIS Working papers 848, LIS Cross-National Data Center in Luxembourg.
    6. Bleynat, Ingrid & Challú, Amílcar & Segal, Paul, 2020. "Inequality, living standards and growth: two centuries of economic development in Mexico," LSE Research Online Documents on Economics 105215, London School of Economics and Political Science, LSE Library.
    7. Ranaldi, Marco, 2021. "Global Distributions of Capital and Labor Incomes: Capitalization of the Global Middle Class," SocArXiv 3g59r, Center for Open Science.
    8. Ingrid Bleynat & Amílcar E. Challú & Paul Segal, 2021. "Inequality, living standards, and growth: two centuries of economic development in Mexico," Economic History Review, Economic History Society, vol. 74(3), pages 584-610, August.
    9. Luca Giangregorio & Davide Villani, 2023. "Income inequality, top shares of income and social classes in the 21st century," Working Papers 646, ECINEQ, Society for the Study of Economic Inequality.
    10. Petrova, Bilyana & Ranaldi, Marco, 2021. "Determinants of Income Composition Inequality," SocArXiv vyrz7, Center for Open Science.
    11. , Stone Center & Bleynat, Ingrid & Challú, Amílcar & Segal, Paul, 2020. "Inequality, Living Standards and Growth: Two Centuries of Economic Development in Mexico," SocArXiv 9ztb7, Center for Open Science.
    12. Iacono Roberto & Palagi Elisa, 2022. "Still the Lands of Equality? Heterogeneity of Income Composition in the Nordics, 1975–2016," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 22(2), pages 221-268, April.
    13. Carlo D’Ippoliti & Francesco Linguanti, 2023. "Inequality, Consumption Emulation, and Growth," Review of Radical Political Economics, Union for Radical Political Economics, vol. 55(4), pages 577-590, December.
    14. Anita Szymańska & Małgorzata Zielenkiewicz, 2022. "Declining Labour Income Share and Personal Income Inequality in Advanced Countries," Sustainability, MDPI, vol. 14(15), pages 1-14, August.

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