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Short courses PhD
Economics
of Inequlity
23-27 March
Workload: 2 ECTS
Faculty:
Prof. Dr. Daniele Checchi,
University of Milan, Italy Assessment:
Content and objectives
Existing economic theories
of income inequality make reference
either to the functional
distribution of income (between
wages and profits) or to the
personal distribution on incomes
(between heterogeneous agents with
different abilities and skills). In
addition, the distribution of
property rights has impact onto the
intertemporal evolution on income
distribution.
After reviewing the state of art,
the course will touch upon
measurement issues (descriptive vs
axiomatic approaches), as well as
the issue of data reliability.
The third part of the course
presents existing empirical evidence
on income inequality, either
cross-country or cross-year,
assessing the relative contribution
of underlying fundamentals (stage of
development, access to education,
labour market institutions).
Finally, the course discusses the
relationship between inequality and
mobility, showing how the two
concepts are interrelated, both at
theoretical and at empirical level.
Literature
Theories of income inequality
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A.Atkinson and F.Bourguignon.
2003. Income distribution and
economics. in A.Atkinson and
F.Bourguignon (eds). Handbook of
Income Distribution.
NorthHolland. 1-58
-
D.Neal and S.Rosen. 2003.
Theories of the distribution of
earnings. in A.Atkinson and
F.Bourguignon (eds). Handbook of
Income Distribution.
NorthHolland. 379-428
Measuring inequality
-
P.Lambert. 1989. The
distribution and the
redistribution of income.
Blackwell (chpts.2-3-4-5)
-
F.Cowell. 2003. Measurement of
inequality. in A.Atkinson and
F.Bourguignon (eds). Handbook of
Income Distribution.
NorthHolland. 87-166
Measurement issues
-
A.Atkinson and A.Brandolini.
2001. Promise and Pitfalls in
the Use of “Secondary”
Data-Sets: Income Inequality in
OECD Countries. Journal of
Economic Literature vol. 34, pp.
771-799.
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A.Atkinson and A.Brandolini.
2004. A panel-of-country
approach to explaining income
inequality: an interdisciplinary
research agenda. mimeo
Empirical evidence
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P.Gottschalk, and T.Smeeding.
1997. Cross-National Comparisons
of Earnings and Income
Inequality, Journal of Economic
Literature, 35: 633-687.
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P.Gottschalk, and T.Smeeding.
2003. Empirical evidence on
income inequality in industrial
countries. in A.Atkinson and
F.Bourguignon (eds). Handbook of
Income Distribution.
NorthHolland. 261-308
-
C.Morrisson. 2003. Historical
perspectives on income
distribution: the case of Europe.
in A.Atkinson and F.Bourguignon
(eds). Handbook of Income
Distribution. NorthHolland.
217-260
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Alderson, A. and F. Nielsen.
2002. Globalisation and the
great U-turn: income inequality
trends in 16 OECD countries.
American Journal of Sociology
107: 1244-1299.
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D.Checchi and C.Garcia Peñalosa.
2005. Labour shares and the
personal distribution of income
in the OECD. IZA Discussion
Paper No. 1681/2005
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T.Piketty. 2005. Top income
share in the long run: an
overview. Journal of the
European Economic Association 3
(2-3): 382-392
Inequality and intergenerational
mobility
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T.Piketty. 2003. Theories of
persistent inequality and
intergenerational mobility. in
A.Atkinson and F.Bourguignon (eds).
Handbook of Income Distribution.
NorthHolland. 429-476
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Maoz, Y. and O.Moav. 1999.
Intergenerational mobility and
the process of development.
Economic Journal 109: 677-97.
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M.Corak. 2006. Do poor Children
become poor adults ? Lesson from
a cross country comparison of
generational income mobility.
IZA discussion paper n.1993
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