This paper considers the effects of changes in the income distribution in an economy where agents’ utility depends both on consumption and on their rank in the distribution of consumption of a positional good. We introduce a new methodology to compare the behavior of agents that occupy the same rank in the two different income distributions but typically have different levels of incomes, and an...

Internation comparisons of average national incomes omit important information about leisure, home production, health, etc. They are also bedevilled by index number problems. This paper suggests ways of combining working hours and life-expectancy with income comparisons, and shows that the fixed-price indexes of real income, such as those in the Penn World Table, substantially understate the in...

Doctors are involved in voluntary service more commonly than both the community and our professional colleagues realise. Traditionally, doctors are seen as busy healers who never stop looking after the sick and/or making a fortune from their daily activities. On the other hand, many in society think doctors are typically earning such high incomes that they can readily afford to volunteer their ...

In a sample of Tanzanian formal sector workers the vast majority have a desire for working longer hours in their main job, and supplement earnings through participation in informal production. Determinants of participation in informal production are examined through estimation of structural-form Logit models. A new way around the problem of measuring incomes from informal production is suggeste...

We analyze a macroeconomic model of monopolistic competition in which consumers earn unequal incomes. When preferences are non-homothetic, the distribution of income affects equilibrium mark-ups and equilibrium product diversity. Inequality, Market Power, and Product Diversity Reto Foellmi, University of Zurich Josef Zweimüller, University of Zurich, CESifo, IZA, and CEPR∗†

OBJECTIVE This paper aims to contrast the demographic correlates of leisure and transportation walking. METHODS Using data from the 2005 National Health Interview Survey (n=31,482), this paper reports on the prevalence of transportation walking and leisure walking for U.S. adults and examines the variation in prevalence across different socio-demographic groups. The prevalence of transportati...

abstract in this study, the effect of suspended load transport on the characteristics of submerged hydraulic jump (shj) in a rectangular channel was investigated experimentally. sediment concentration and jet froude numbers in the range of 0.424%-16.15% and 1.93-4.96, respectively, were considered. tow grain size 0.15 and 0.03 mm were used in the experiments. characteristics of submerged hydrau...

the level of ecomomic (income or expenditure) inequality in khorasan province has been unknown. this paper tries to estimate and compare the trends of expenditure (income) inequality in khorasan province and the whole iran during 1971-2001 in two categories of urban and rural regions. for this purpose, inequality indices (gini coefficient and income deciles) were estimated parametrically. the r...

This study empirically examines whether managers manipulate reported income through the timing of sales of long-lived assets and investments. Several empirical implications of the income-smoothing and debt-equity hypothesis in the context of asset sales were tested. The findings are consistent with the timing of asset sales by managers so that the recognized accounting income from these sales s...

weak economic performance that has been observed in countries with rich natural resources is called resource curse. there have been many studies on resource curse, especially the adverse effects of this phenomenon on economic growth. income inequality or unfair distribution of income is one of the main characteristics of resource rich countries. but, there has not been much research on the effe...