Economic Inequality and Income Distribution [Hardcover]

This book is about the way to measure, to account for and to modify the economic inequalities in developed economies.Economic inequality has become a focus of prime interest for economic analysts and policy makers. This book provides an integrated approach to the topics of inequality and the personal income distribution. It covers the practical and theoretical bases for inequality analysis and income distribution as well as providing applications to real world problems. Special attention is given to an assessment of the merits and weaknesses of standard economic models and to illustrating the implications of distributional mechanisms using real data and illustrative examples.Economic inequality has become a focus of prime interest for economic analysts and policy makers. This book provides an integrated approach to the topics of inequality and the personal income distribution. It covers the practical and theoretical bases for inequality analysis and income distribution as well as providing applications to real world problems. Special attention is given to an assessment of the merits and weaknesses of standard economic models and to illustrating the implications of distributional mechanisms using real data and illustrative examples.Economic inequality has become a focus of prime interest for economic analysts and policy makers. This book provides an integrated approach to the topics of inequality and personal income distribution. It covers the practical and theoretical bases for inequality analysis and income distribution as well as providing applications to real world problems. Special attention is given to an assessment of the merits and weaknesses of standard economic models and to illustrating the implications of distributional mechanisms using real data and illustrative examples.Preface; 1. Why bother about inequality?; 2. Steps in the study of economic inequality; 3. Inequality and history; 4. Inequality, meaning and measurement; 5. Social welfare and inel­