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Inequality in Consumption Equivalence

  • Christian Zimmermann

    (University of Connecticut)

This paper argues that the conventional inequality measures based on income or wealth give only a partial picture of poverty and the distribution of opportunities. I show how using the consumption equivalence from a value function is more useful, as it better captures the persistence of income and poverty. A series of simulation demonstrates the nuances between different measures. Finally, measures based on empirical work from several countries are calculated and compared.

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Paper provided by Society for Economic Dynamics in its series 2012 Meeting Papers with number 1002.

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Date of creation: 2012
Date of revision:
Handle: RePEc:red:sed012:1002
Contact details of provider: Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA
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  1. Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2009. "Unequal we stand: an empirical analysis of economic inequality in the United States, 1967-2006," Staff Report 436, Federal Reserve Bank of Minneapolis.
  2. Richard Blundell & Ben Etheridge, 2010. "Consumption, Income and Earnings Inequality in Britain," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(1), pages 76-102, January.
  3. Matthew Brzozowski & Martin Gervais & Paul Klein & Michio Suzuki, 2010. "Consumption, Income, and Wealth Inequality in Canada," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(1), pages 52-75, January.
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