The Income Unit and the Anatomy of Income Distribution
نویسندگان
چکیده
This paper focuses on a neglected aspect of the treatment of the income unit in the construction of size distributions of income. If the size distribution is to be an indicator of the distribution of economic welfare,and if the economic welfare of each individual in society is to count equally, then conventional distribuFions are inconsistent with individualistic social welfare functions. We estimate size distributions with each person's welfare weighted equally, and contrast these results with those weighting income units equally. The choice of weights is shown to affect the size of the trend in income inequality.
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