Measuring richness

Andreas Peichl ()

German Stata Users' Group Meetings 2007 from Stata Users Group

Abstract: In this paper, we describe richness, a Stata program for the calculation of richness indices. Peichl, Schaefer, and Scheicher (2007) propose a new class of richness measures to contribute to the debate how to deal with the financing problems that European welfare states face as a result of global economic competition. In contrast to the often-used head count, these new measures are sensitive to changes in rich persons’ income. This approach allows for a more sophisticated analysis of richness, namely, the question whether the gap between rich and poor is widening. We propose to use our new measures in addition to the head count index for a more comprehensive analysis of richness.

Date: Written 2007-04-11
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