, Tarjei Havnes
() and Magne Mogstad
Rolf Aaberge: Statistics Norway
Tarjei Havnes: Dept. of Economics, University of Oslo, Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Magne Mogstad: University of Chicago and Statistics Norway
Abstract: We propose a general framework to unambiguously compare distributions functions in an economically interpretable way. Our framework provides complete ranking of any set of distributions and money metric interpretation of the social welfare level of a dominating distribution as compared to a dominated distribution. We show the usefulness of our framework using two empirical applications; the first assesses the welfare implications of changes in household income distributions over the business cycle, while the second performs a social welfare comparison of the actual and counterfactual outcome distributions from a policy experiment.
49 pages, September 30, 2014
Full text files
Questions (including download problems) about the papers in this series should be directed to Mari Strønstad Øverås ()
Report other problems with accessing this service to Sune Karlsson ().
This page generated on 2018-02-14 10:28:56.