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dc.contributor.authorAlmås, Ingvild
dc.contributor.authorSørensen, Erik Ø.
dc.date.accessioned2013-03-13T11:11:18Z
dc.date.available2013-03-13T11:11:18Z
dc.date.issued2012-10
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/163418
dc.description.abstractStandard 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.isoengno_NO
dc.publisherNorwegian School of Economics, Department of Economicsno_NO
dc.relation.ispartofseriesDiscussion paper;20/2012
dc.titleGlobal income inequality and cost-of-living adjustment : the Geary–Allen world accountsno_NO
dc.typeWorking paperno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO


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