Inequality in Consumption Equivalence

Christian Zimmermann

No 1002, 2012 Meeting Papers from Society for Economic Dynamics

Abstract: This paper argues that the conventional inequality measures based on income or wealth give only a partial picture of poverty and the distribution of opportunities. I show how using the consumption equivalence from a value function is more useful, as it better captures the persistence of income and poverty. A series of simulation demonstrates the nuances between different measures. Finally, measures based on empirical work from several countries are calculated and compared.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed012:1002

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