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dc.contributor.authorMasterson, Thomasen_US
dc.contributor.authorZacharias, Ajiten_US
dc.contributor.authorEren, Selçuken_US
dc.contributor.authorWolff, Edward N.en_US
dc.date.accessioned2011-09-01en_US
dc.date.accessioned2012-04-12T14:22:01Z-
dc.date.available2012-04-12T14:22:01Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/57052-
dc.description.abstractWe construct estimates of the Levy Institute Measure of Economic Well-Being for France for the years 1989 and 2000. We also estimate the standard measure of disposable cash income (DI) from the same data sources. We analyze overall trends in the level and distribution of household well-being using both measures for France as a whole and for subgroups of the French population. The average French household experienced a slower rate of growth in LIMEW than DI over the period. A substantial portion of the growth in well-being for the middle quintile was a result of increases in net government expenditures and income from wealth. We also found that the well-being of families headed by single females relative to married couples deteriorated much more, while the well-being of households headed by the elderly relative to households headed by the nonelderly improved much more than indicated by the standard measure of disposable income. The conventional measure indicates that a steep decline in economic inequality took place between 1989 and 2000, while our measure indicates no such change. We argue that these outcomes can be traced to the difference in the treatment of the role of wealth in shaping economic inequality. Our measure also indicates that, on balance, government expenditures and taxes did not have an inequality-reducing effect in France for both years. This is, again, contrary to conventional wisdom.en_US
dc.language.isoengen_US
dc.publisherLevy Economics Inst. Annandale-on-Hudson, NYen_US
dc.relation.ispartofseriesWorking paper, Levy Economics Institute 679en_US
dc.subject.jelD31en_US
dc.subject.jelD63en_US
dc.subject.jelP17en_US
dc.subject.ddc330en_US
dc.subject.keywordLevy Institute Measure of Economic Well-Being (LIMEW)en_US
dc.subject.keywordFranceen_US
dc.subject.keywordeconomic well-beingen_US
dc.subject.keywordeconomic inequalityen_US
dc.subject.keywordhousehold income measuresen_US
dc.titleThe Levy Institute Measure of Economic Well-Being, France, 1989 and 2000en_US
dc.typeWorking Paperen_US
dc.identifier.ppn667590293en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Levy Economics Institute of Bard College

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