Median Income Versus Per Capita Income: Implications for Assessing Growth and Convergence
When the distribution of income is skewed, median income is a better indicator of theearnings of the representative memeber of society than the commonly used per capita income. Median income is linked to per capita income and the disparity in income-generating assets' ownership. While ownership identity is only imporatnt in the determination of the size of the change in per capita income, it is crucial for determining both the direction and the magnitude of changes inmedian income and, thereby, the prospects of growtand convergence in median income-centred analyses.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1997|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:uow:depec1:wp97-7. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Siminski)
If references are entirely missing, you can add them using this form.