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Lessons from the Old Masters on Assessing Equity and Efficiency [electronic resource] : A Primer for Fiscal Policymakers / Vitor Gaspar.

Author/Creator:
Gaspar, Vitor.
Publication:
Washington, D.C. : International Monetary Fund, 2017.
Series:
IMF eLibrary
IMF Working Papers; Working Paper ; No. 17/214
IMF Working Papers
Format/Description:
Government document
Book
1 online resource (34 p.)
Local subjects:
All Countries
Cross-Country Analysis
Equality And Efficiency
Equity And Social Spending
Summary:
How can a society's well-being be measured to include not only average incomes but also their distribution? How can the effects of policies be assessed by considering both equity and efficiency? This primer outlines the seminal contributions of influential economists of the past, including Arthur Okun, who developed a simple method to elicit people's preferences regarding redistribution, and Anthony Atkinson, who showed how equity and efficiency can be measured simultaneously and summarized in a single, intuitive index expressed in monetary units (such as dollars). These methods are applied to recent data to gauge how countries fare when both mean incomes and their distribution are considered together, and to a hypothetical tax-and-transfer scheme assessed through a general equilibrium model for household-level data.
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
Gaspar, Vitor.
Mauro, Paolo.
Other format:
Print Version: Gaspar, Vitor Lessons from the Old Masters on Assessing Equity and Efficiency: A Primer for Fiscal Policymakers
ISBN:
1484322002
9781484322000
Publisher Number:
10.5089/9781484322000.001 doi
Access Restriction:
Restricted for use by site license.
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