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Handbook of Income Distribution
1st Edition, Volume 2A-2B - December 30, 2014
Editors: Anthony B. Atkinson, Francois Bourguignon
Language: English
Hardback ISBN:9780444594303
9 7 8 - 0 - 4 4 4 - 5 9 4 3 0 - 3
eBook ISBN:9780444594761
9 7 8 - 0 - 4 4 4 - 5 9 4 7 6 - 1
What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Editors Tony Atkinson and Francois Bourguignon asse…Read more
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What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century?
Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment.
The volumes define and organize key areas of income distribution studies
Contributors focus on identifying newly developing questions and opportunities for future research
The authoritative articles emphasize the ways that income mobility and inequality studies have recently gained greater political significance
Graduate students and researchers worldwide working in all areas of economics, and in particular economic policy, macroeconomics, education, and labor economics
Introduction to the Series
Volume 2A: Handbook of Income Distribution
Volume 2B: Handbook of Income Distribution
Introduction: Income Distribution Today
1 Setting the Scene
2 Different Facets of Inequality
3 Data on Inequality
4 Taking Economic Theory Seriously
5 The Role of Policy
Acknowledgments
Acknowledgments
Part I. Concept and Approaches
Chapter 1: The Principal Problem in Political Economy: Income Distribution in the History of Economic Thought
Abstract
1.1 Introduction
1.2 The Positive Economics of Income Distribution
1.3 Value Judgments and Redistribution
1.4 Concluding Reflections
Acknowledgments
Chapter 2: Inequality, Income, and Well-Being
Abstract
2.1 Introduction
2.2 A Brief Historical Sketch
2.3 Inequality of What?
2.4 Multidimensional Inequality and Dominance
2.5 Applications
2.6 Conclusion
Acknowledgment
Chapter 3: Multidimensional Poverty and Inequality
Abstract
3.1 Introduction
3.2 Preliminaries: Dimensions, Indicators, and Weights
3.3 Multidimensional Poverty Measurement
3.4 Multidimensional Inequality Measurement
3.5 Summary and Conclusions
Acknowledgments
Chapter 4: Equality of Opportunity
Abstract
4.1 Introduction
4.2 Egalitarian Political Philosophy Since Rawls
4.3 A Model and Algorithm for Equal-Opportunity Policy
4.4 A More General Approach
4.5 The Fleurbaey–Maniquet Approach
4.6 Economic Development
4.7 Dynamics
4.8 Preparing the Ground for Empirical Analysis
4.9 Do People Advocate EOp? Lessons from Questionnaires and Experiments
4.10 Inequality of Opportunity: Measurement Issues and Empirical Results
4.11 Results
4.12 Conclusion
Acknowledgments
Chapter 5: Polarization
Abstract
5.1 Introduction
5.2 Motivation
5.3 Notation
5.4 Income Polarization
5.5 Bipolarization
5.6 Social Polarization
5.7 Socioeonomic Polarization
5.8 Multidimensional Polarization
5.9 Polarization in Practice
5.10 Conclusion
Acknowledgments
Chapter 6: Statistical Methods for Distributional Analysis
Abstract
6.1 Introduction
6.2 Data
6.3 Density Estimation
6.4 Welfare Indices
6.5 Distributional Comparisons
6.6 Other Estimation Problems
6.7 Conclusions
Acknowledgments
Part II. Evidence
Chapter 7: Long-Run Trends in the Distribution of Income and Wealth
Abstract
7.1 Introduction
7.2 Long-Run Trends in Income Inequality
7.3 Long-Run Trends in Wealth Inequality
7.4 Determinants of Long-Run Trends in Inequality
7.5 Summary and Concluding Remarks
Acknowledgments
Appendix
Chapter 8: Post-1970 Trends in Within-Country Inequality and Poverty: Rich and Middle-Income Countries
Abstract
8.1 Introduction
8.2 Choosing a Yardstick and Its Components
8.3 Poverty Measurement and Trends
8.4 Inequality in Income
8.5 Summary and Conclusions
Acknowledgments
Chapter 9: Recent Trends in Inequality and Poverty in Developing Countries
Abstract
9.1 Introduction
9.2 The Developing World: Characterization and Data
9.3 Inequality: Levels
9.4 Inequality: Trends
9.5 Poverty: Levels
9.6 Poverty: Trends
9.7 Concluding Remarks
Acknowledgment
Chapter 10: Income Mobility
Abstract
10.1 Introduction
10.2 Mobility Concepts
10.3 Mobility Measurement
10.4 Intragenerational Mobility: Evidence
10.5 Intergenerational Mobility: Evidence
10.6 Conclusions
Acknowledgments
Chapter 11: The Global Distribution of Income
Abstract
11.1 Introduction
11.2 Why Study the Global Distribution of Income?
11.3 Which Global Distribution of Income?
11.4 Data
11.5 Estimating the Global Distribution of Income
11.6 Between- and Within-Country Inequality
11.7 Relative and Absolute Global Inequality
11.8 Global Poverty
11.9 Conclusion
Acknowledgments
Appendix Estimates of Global Inequality Based on the Common Sample over Time
Chapter 12: Gender Inequality
Abstract
12.1 Introduction
12.2 Individual and/or Household Income and Living Standards: From Measurement Issues to Conceptual Issues and Back to Measurement Issues
12.3 The Gender Wage Gap
12.4 The Case of Self-Employment
12.5 The Gender Gap in Pensions
12.6 Nonmarket Work, the Gender Division of Labor, and Gender Inequality
12.7 Wealth and Gender
12.8 Conclusion
Chapter 13: Attitudes to Income Inequality: Experimental and Survey Evidence
Abstract
13.1 Introduction
13.2 The Comparative View
13.3 The Normative View
13.4 Outstanding Issues
13.5 Conclusion
Acknowledgments
Part III. Explanations
Chapter 14: Inequality in Macroeconomics
Abstract
14.1 Some Facts on the Income and Wealth Distribution
14.2 Modeling the Sources of Macro Inequality
14.3 The Dynamics of Inequality
14.4 Inequality and Financial Markets
14.5 The Political Economy Channel
14.6 Conclusion
Acknowledgments
Appendix A Derivation of the Inequality Index
Appendix B Wage Equation with Endogenous Debt
Chapter 15: Wealth and Inheritance in the Long Run
Abstract
15.1 Introduction
15.2 The Long-Run Evolution of Wealth–Income Ratios
15.3 The Long-Run Evolution of Wealth Concentration
15.4 The Long-Run Evolution of the Share of Inherited Wealth
15.5 Accounting for the Evidence: Models and Predictions
15.6 Concluding Comments and Research Prospects
Acknowledgments
Chapter 16: Intrahousehold Inequality
Abstract
16.1 Introduction
16.2 The Collective Model: Concepts, Definitions, and Axioms
16.3 Modeling Household Behavior: The Collective Model
16.4 The Determinants of Intrahousehold Allocation
16.5 Identification
16.6 Empirical Findings
16.7 Conclusion
Acknowledgments
Chapter 17: Health and Inequality
Abstract
17.1 Introduction
17.2 Health and Income: A First Pass
17.3 Health Determination of Economic Inequality
17.4 Economic Determination of Health Inequality
17.5 Economic Inequality as a Determinant of Health
17.6 Conclusion
Acknowledgments
Data Sources
Chapter 18: Labor Market Institutions and the Dispersion of Wage Earnings
Abstract
18.1 Introduction
18.2 Earnings Distribution and Income Distribution: A Short Tale of Two Long Literatures
18.3 Wage Dispersion: Measurement and Stylized Facts
18.4 Theoretical Approaches to Wage Dispersion and the Role of Institutions
18.5 LMIs and Wage Inequality: An Empirical Assessment
18.6 Conclusion and Future Research
Acknowledgments
Appendix A Country Codes
Appendix B Data Sources and Additional Tables on Earnings
Appendix C Data Sources and Descriptive Statistics on LMIs
Appendix D Literature Summary Tables: Household Incomes and Earnings and Wage Dispersion and Institutions165
Chapter 19: Cross-Country Evidence of the Multiple Causes of Inequality Changes in the OECD Area
Abstract
19.1 Introduction
19.2 The Research Question and Methods to Explain Inequality and its Change
19.3 Data Sources for Cross-Country Studies
19.4 Definition of Inequality Measures and Their Variability
19.5 Drivers of Inequality: Main Explanations
19.6 Conclusions: Major Findings from the Literature Survey and Implications for Further Research
Acknowledgments
Chapter 20: Globalization and Inequality
Abstract
20.1 Introduction
20.2 Immediate Post-War Theories, Predictions, and Evidence
20.3 Experience and New Theory from the 1980s Onward
20.4 Economic Crisis and Income Distribution
20.5 Globalization and Gender Inequality
20.6 Openness and Spatial Inequality
20.7 International Migration, Remittances, and Inequality
20.8 National and Global Policy Responses
20.9 Conclusion
Part IV. Policies
Chapter 21: Democracy, Redistribution, and Inequality
Abstract
21.1 Introduction
21.2 Theoretical Considerations
21.3 Previous Literature
21.4 Econometric Specification and Data
21.5 Main Results
21.6 Conclusion
Acknowledgments
Appendix A Comparison to Rodrik (1999)
Appendix B Results Using Other Measures of Democracy
Chapter 22: The Idea of Antipoverty Policy
Abstract
22.1 Introduction
22.2 Wealth Dynamics and Antipoverty Policies
22.3 The Utility of Poverty
22.4 The First Poverty Enlightenment
22.5 The Long Germination of the Idea of a World Free of Poverty
22.6 The Second Poverty Enlightenment
22.7 The Idea of a Progressive Market Economy
22.8 The Final Blow to the Idea of the Utility of Poverty?
22.9 Direct Interventions in Modern Times
22.10 Conclusions
Acknowledgments
Chapter 23: The Welfare State and Antipoverty Policy in Rich Countries
Abstract
23.1 Setting the Scene
23.2 Social Protection and Redistribution
23.3 Beyond Social Protection
23.4 The Welfare State, Antipoverty Policy, and the Economic Crisis of the Late 2000s
23.5 Future Research Directions
Acknowledgments
Chapter 24: Microsimulation and Policy Analysis
Abstract
24.1 Introduction and Overview
24.2 What Does Microsimulation Add to Analysis of Income Distribution and Redistribution?
24.3 The Effects of Policy Changes on Income Distribution
24.4 Challenges and Limitations
24.5 Broadening the Scope
24.6 Conclusions and Outlook for the Future
Acknowledgments
Appendix A Increasing UK Child Benefit in 2001 and 2013: The Net Effects
Appendix B Comparison of Simulated Estimates of Income Tax with Administrative Statistics, UK 2010–2011
Index
No. of pages: 2366
Language: English
Edition: 1
Volume: 2A-2B
Published: December 30, 2014
Imprint: North Holland
Hardback ISBN: 9780444594303
eBook ISBN: 9780444594761
AA
Anthony B. Atkinson
Sir Tony Atkinson is Professor of Economics at Oxford University and Fellow of Nuffield College, where he was Warden from 1994 to 2005. He is a Fellow of the British Academy and has been President of the Royal Economic Society, of the Econometric Society, of the European Economic Association, and of the International Economic Association. He was knighted in 2001 for services to economics and is Chevalier de la Legion d'Honneur.
Affiliations and expertise
Nuffield College, University of Oxford, Oxford, UK
FB
Francois Bourguignon
Francois Bourguignon is Director of the Paris School of Economics and Professor of Economics at the Ecole des hautes etudes en sciences sociales. Among his many distinctions is the Chevalier de L'Ordre Nationale de la Legion de l"Honneur.
Affiliations and expertise
Paris School of Economics, Paris, France
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