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dc.contributor.authorAnderson, Gordonen
dc.date.accessioned2012-06-18-
dc.date.accessioned2012-06-18T14:11:01Z-
dc.date.available2012-06-18T14:11:01Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/59033-
dc.description.abstractAphorisms that "Rising tides raise all boats" or that material advances of the rich eventually "Trickle Down" to the poor are really maxims regarding the nature of stochastic processes that underlay the income/wellbeing paths of groups of individuals. This paper looks at the implications for the empirical analysis of wellbeing of conventional assumptions regarding such processes which are employed by both micro and macro economists in modeling economic behavior. The implications of attributing different processes to different groups in society following the club convergence literature are also discussed. Various forms of poverty, inequality, polarization and income mobility structures are considered and much of the conventional wisdom afforded us by such aphorisms is questioned. To exemplify these ideas the results are applied to the distribution of GDP per capita in the continent of Africa.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2012-28en
dc.subject.jelC22en
dc.subject.jelD63en
dc.subject.jelD91en
dc.subject.jelI32en
dc.subject.jelO47en
dc.subject.ddc330en
dc.subject.keywordStochastic processesen
dc.subject.keywordpovertyen
dc.subject.keywordinequalityen
dc.subject.keywordwellbeing measurementen
dc.subject.stwSoziale Mobilitäten
dc.subject.stwArmuten
dc.subject.stwSoziale Ungleichheiten
dc.subject.stwReichtumen
dc.subject.stwStochastischer Prozessen
dc.subject.stwWirtschaftsmodellen
dc.subject.stwTheorieen
dc.subject.stwSozialprodukten
dc.subject.stwEinkommensverteilungen
dc.subject.stwAfrikaen
dc.titleBoats and tides and "Trickle Down" theories: What economists presume about wellbeing when they employ stochastic process theory in modeling behavior-
dc.typeWorking Paperen
dc.identifier.ppn717838382en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:201228en

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