The distributional incidence of growth: a social welfare approach

Flaviana Palmisano and Vito Peragine

Working papers from Società Italiana di Economia Pubblica

Abstract: This paper provides a normative framework for the assessment of the distributional inci- dence of growth. By removing the anonymity axiom, such framework is able to evaluate the individual income changes over time and the reshuffling of individuals along the income distri- bution that are determined by the pattern of income growth. We adopt a rank dependent social welfare function expressed in terms of initial rank and individual income change and we ob- tain partial and complete dominance conditions over different growth paths. These dominance conditions account for the different components determining the overall impact of growth, that is the size of growth and its vertical and horizontal incidence. We then provide an empirical application for Italy: this analysis shows the distributional impact of the recent economic crisis suffered by the Italian population.

Keywords: growth; pro-poor; inequality; income mobility; social welfare (search for similar items in EconPapers)
JEL-codes: D31 D63 D71 (search for similar items in EconPapers)
Date: 2015-02
New Economics Papers: this item is included in nep-mfd and nep-pbe
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Citations: View citations in EconPapers (17)

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Journal Article: The Distributional Incidence of Growth: A Social Welfare Approach (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ipu:wpaper:22

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