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Inequality Adjusted Income Growth
Author(s) -
Demuynck Thomas,
Van de gaer Dirk
Publication year - 2012
Publication title -
economica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.532
H-Index - 65
eISSN - 1468-0335
pISSN - 0013-0427
DOI - 10.1111/j.1468-0335.2012.00931.x
Subject(s) - measure (data warehouse) , ranking (information retrieval) , economics , economic inequality , inequality , econometrics , income inequality metrics , income distribution , demographic economics , mathematics , computer science , mathematical analysis , database , machine learning
We introduce and characterize a new measure of aggregate income growth that allows us to give more weight to individuals with lower individual income growth. Our measure includes several important measures of directional mobility encountered in the literature. The empirical application compares the measure of income growth between the USA and Germany, and finds that giving more weight to individuals with lower income growth reverses the ranking.