The Inequality Possibility Frontier : Extensions and New Applications

The Inequality Possibility Frontier : Extensions and New Applications

This paper extends the Inequality Possibility Frontier approach in two methodological directions. It allows the social minimum to increase with the average income of a society, and it derives all the Inequality Possibility Frontier statistics for t...

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Bibliographic Details
Main Author: Milanovic, Branko
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2013
Subjects:
ABSOLUTE POVERTY
ABSOLUTE POVERTY LINE
AVERAGE INCOME
AVERAGE INCOME LEVEL
AVERAGE INCOMES
BENCHMARKING
CLASSICAL ECONOMISTS
CONFLICT
DEPENDENT VARIABLE
DEVELOPING WORLD
DEVELOPMENT POLICY
ECONOMIC DEVELOPMENT
ECONOMIC HISTORY
ECONOMIC RESEARCH
ELASTICITY
EMPIRICAL ANALYSIS
EMPIRICAL EVIDENCE
EMPIRICAL WORK
EXPLANATORY POWER
EXPLANATORY VARIABLES
FAMILY BUDGET SURVEYS
GDP
GDP PER CAPITA
GINI COEFFICIENT
GINI INDEX
HEALTH INSURANCE
HOUSEHOLD INCOME
INCOME DISTRIBUTION
INCOME STUDY
INCOMES
INDIVIDUAL INCOMES
INDUSTRIAL ECONOMIES
INEQUALITIES
INEQUALITY
INEQUALITY ESTIMATES
INEQUALITY MEASURE
INEQUALITY MEASUREMENT
INEQUALITY MEASURES
LIVING STANDARDS
MEAN INCOME
MEAN INCOMES
MEAN LOG DEVIATION
MEASURED INEQUALITY
MEASURING INEQUALITY
MINIMUM INCOME
OFFICIAL POVERTY LINES
PER CAPITA INCOME
POLICY DISCUSSIONS
POLICY RESEARCH
POLITICAL SCIENCE
POOR
POOR PEOPLE
POVERTY LINES
POVERTY REDUCTION
POVERTY THRESHOLD
PRISONER
REAL INCOME
REAL PER CAPITA INCOME
REGRESSION RESULTS
RELATIVE POVERTY
SIGNIFICANT IMPROVEMENT
STATISTICAL DATA
WAR
WEALTH
WILL
Online Access:http://documents.worldbank.org/curated/en/2013/05/17726071/inequality-possibility-frontier-extensions-new-applications
http://hdl.handle.net/10986/15589
Description
Summary:This paper extends the Inequality Possibility Frontier approach in two methodological directions. It allows the social minimum to increase with the average income of a society, and it derives all the Inequality Possibility Frontier statistics for two other inequality measures besides the Gini. Finally, it applies the framework to contemporary data, showing that the inequality extraction ratio can be used in the empirical analysis of post-1960 civil conflict around the world. The duration of conflict and the casualty rate are positively associated with the inequality extraction ratio, that is, with the extent to which elite pushes the actual inequality closer to its maximum level. Inequality, albeit slightly reformulated, is thus shown to play a role in explaining civil conflict.

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