Kośny, M and Yalonetzky, G (2015) Relative income change and pro-poor growth. Economia Politica, 32 (3). 311 - 327. ISSN 1120-2890
Abstract
Most methods for the analysis of distributional change rely on the changes in the income of a particular group of people, taking either the situation of this group in the previous period, or the average change in the population, as reference point. By contrast, we propose a measure of distributional change based on the comparison of a group’s wellbeing standard against a richer group, thereby capturing a notion of change in relative income, which embodies the influence of others’ wellbeing on the judgment of the group’s own situation. The indices, and related relative income change (RIC) curves, are based on ratios of generalized mean incomes between two groups, which render them closely related to Zenga’s inequality measures and Lorenz curve comparisons, when arithmetic means are used. We consider both relative and absolute income cut-offs for the group partitions. Differences and similarities between our measures of relative income change and the Growth Incidence Curve are also discussed. These are highlighted in an empirical illustration on European countries.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | (c) The Author(s) 2015. This article is published with open access at Springerlink.com This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. |
Keywords: | relative income, income distribution, pro-poor growth |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 11 Nov 2015 14:55 |
Last Modified: | 12 Feb 2019 13:44 |
Published Version: | http://dx.doi.org/10.1007/s40888-015-0017-8 |
Status: | Published |
Publisher: | Springer International |
Identification Number: | 10.1007/s40888-015-0017-8 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:91583 |