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Measuring International Inequality Aversion. WP254. September 2008

Tol, Richard S.J. and Kelly, Elish (2008) Measuring International Inequality Aversion. WP254. September 2008. [Working Paper]

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    Abstract

    I measure the rate of aversion to inequality in consumption as expressed in the development aid given by rich countries to poor ones between 1965 and 2005. Over time, OECD countries have become less concerned about international inequity. Even for a fairly leaky bucket, the consumption rate of inequity aversion is less than the rate of risk aversion, which implies that the pure rate of inequity aversion is negative. That is, rich countries would prefer to see greater inequality between rich and poor countries.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > External relations > international economy
    EU policies and themes > Policies & related activities > economic and financial affairs > poverty
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 29 Dec 2019 15:44
    Number of Pages: 16
    Last Modified: 29 Dec 2019 15:44
    URI: http://aei.pitt.edu/id/eprint/87787

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