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dc.contributor.authorAaberge, Rolfen_US
dc.contributor.authorMogstad, Magneen_US
dc.date.accessioned2010-02-23en_US
dc.date.accessioned2010-07-07T12:05:50Z-
dc.date.available2010-07-07T12:05:50Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36070-
dc.description.abstractThis paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of each individual into a measure of permanent income, which accounts for the costs associated with income fluctuations and allows for credit market imperfections. The second step aggregates permanent incomes across individuals into measures of social welfare, inequality and mobility. To this end, we employ an axiomatic approach to justify the introduction of a generalized family of rank-dependent measures of inequality, where the distributional weights, as opposed to the Mehran-Yaari family, depend on income shares as well as on population shares. Moreover, a subfamily is shown to be associated with social welfare functions that have intuitively appealing interpretations. Further, the generalized family of inequality measures provides new interpretations of the Gini-coefficient.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 4699en_US
dc.subject.jelD71en_US
dc.subject.jelD91en_US
dc.subject.jelI32en_US
dc.subject.ddc330en_US
dc.subject.keywordIncome inequalityen_US
dc.subject.keywordincome mobilityen_US
dc.subject.keywordsocial welfareen_US
dc.subject.keywordGini coefficienten_US
dc.subject.keywordpermanent incomeen_US
dc.subject.keywordcredit marketen_US
dc.subject.keywordannuityen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwSoziale Mobilitäten_US
dc.subject.stwLebenseinkommenen_US
dc.subject.stwDisparitätsmaßen_US
dc.subject.stwSoziale Wohlfahrtsfunktionen_US
dc.subject.stwTheorieen_US
dc.titleOn the measurement of long-term income inequality and income mobilityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn619079703en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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