Author: Marco Ranaldi
Institution: Stone Center Working Paper Series. no. 07
Date: February 2020
Abstract:
The purpose of this paper is twofold. First, it introduces a novel inequality concept, named income composition inequality. Second, it constructs an indicator for its measurement. This paper argues that the study of income composition inequality across the income distribution allows for (i) novel political economy analysis of the evolution of economic systems and (ii) the technical assessment of the relationship between the functional and personal distribution of income. Following an empirical application on six European countries, this paper discusses possible avenues for future research on the matter, ranging from development issues to public finance.
Link: Income Composition Inequality
Published Version: The Review of Income and Wealth (March 2022)