In many low income African countries, three factors are placing an undue burden on the elderly. First, the burden on the elderly has enormously increased with the increase in mortality of prime age adults...
In many low income African countries, three factors are placing an undue burden on the elderly. First, the burden on the elderly has enormously increased with the increase in mortality of prime age adults...
The Ukraine is now faced with economic crisis on an unprecedented scale. The government has to follow rigorous demand management policies, which entail lowering the population's standard of living. To...
This paper explores the relationship between growth rates and changes in welfare, using alternative procedures for measuring growth. The Bank and other organizations often compute growth rates by fitting...
This paper explores the relation between economic growth and poverty, and develops the methodology to measure separately the impact of changes in average inccome and income inequality on poverty. This...
Several measures have been devised to analyze income or consumption distribution inequality. This paper presents the large sample distributions of several inequality measures that are used to test if the...
Several poverty indices have been suggested to measure the intensity of poverty suffered by those below the poverty line. Because the studies are estimated on the basis of sample observations, whether...
In a closed economy, income is created in production with the aid of factors such as land, labor, capital, and entrepreneurship. Production takes place within different firms and government organizations...
The Lorenz curve relates the cumulative proportion of income units to the cumulative proportion of income received when units are arranged in ascending order of their income. In the past the curve has...
The Lorenz curve is widely used to represent and analyze the size distribution of income and wealth. The purpose of this paper is to introduce a new coordinate system for the Lorenz curve, with particular...