Income inequality dynamic measurement of Markov models: Application to some European countries

Guglielmo D'Amico, Giuseppe Di Biase and Raimondo Manca

Economic Modelling, 2012, vol. 29, issue 5, 1598-1602

Abstract: In this paper we present a methodology for measuring income inequality dynamically within a Markov model of income evolution. The proposed methodology requires knowledge of the evolution of the population and the averages and medians of the incomes in a country and allows the computation of dynamic inequality indices. The methodology is supported with statistics from Eurostat data applied on France, Germany, Greece and Italy.

Keywords: Income distribution; Dynamic Theil's Entropy; Multistate model; Economic policies (search for similar items in EconPapers)
JEL-codes: E27 E64 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:29:y:2012:i:5:p:1598-1602

DOI: 10.1016/j.econmod.2012.05.019

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