dc.contributor.author | Almås, Ingvild | |
dc.contributor.author | Sørensen, Erik Ø. | |
dc.date.accessioned | 2013-03-13T11:11:18Z | |
dc.date.available | 2013-03-13T11:11:18Z | |
dc.date.issued | 2012-10 | |
dc.identifier.issn | 0804-6824 | |
dc.identifier.uri | http://hdl.handle.net/11250/163418 | |
dc.description.abstract | Standard ways of measuring real income are known to be inconsistent with
consumer preferences. We provide preference-consistent estimates of real income,
based on the income-specific price indices that are consistent with nonhomothetic
preferences. We find that existing measures, such as Geary, GEKS and
GAIA, create systematic biases: the poorer is a country, the more its income is
overestimated by these measures. Consequently, international income inequality
is underestimated by the same measures. | no_NO |
dc.language.iso | eng | no_NO |
dc.publisher | Norwegian School of Economics, Department of Economics | no_NO |
dc.relation.ispartofseries | Discussion paper;20/2012 | |
dc.title | Global income inequality and cost-of-living adjustment : the Geary–Allen world accounts | no_NO |
dc.type | Working paper | no_NO |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Economics: 212 | no_NO |