Adjusting for age effects in cross-sectional distributions
Ingvild Almås
Norwegian School of Economics and Business Administration
and
University of Oslo
Bergen/Oslo, Norway
[email protected]
|
Tarjei Havnes
University of Oslo Øslo, Norway
[email protected]
|
Magne Mogstad
University College London
London, United Kingdom
[email protected]
|
Abstract. Income and wealth differ over the life cycle. In cross-sectional distributions
of income or wealth, classical inequality measures such as the Gini could
therefore find substantial inequality even if everyone has the same lifetime
income or wealth. We describe the adjusted Gini index (Almås and Mogstad,
2012, Scandinavian Journal of Economics 114: 24–54), which is a
generalization of the classical Gini index with attractive properties, and we
describe the adgini command, which provides the adjusted Gini index and
the classical Gini index. The adgini command also provides options to
produce other well-known age-adjusted inequality measures, such as the
Paglin–Gini (Paglin, 1975, American Economic Review 65:
598–609) and the Wertz–Gini (Wertz, 1979, American Economic
Review 69: 670–672), and provides efficient estimation of the
classical Gini coefficient.
View all articles by these authors:
Ingvild Almås, Tarjei Havnes, Magne Mogstad
View all articles with these keywords:
adgini, inequality, life cycle, age adjustments, Gini coefficient, Paglin–Gini, Wertz–Gini
Download citation: BibTeX RIS
Download citation and abstract: BibTeX RIS
|
