History-dependent growth incidence: a characterization and an application to the economic crisis in Italy

C-Tier
Journal: Oxford Economic Papers
Year: 2016
Volume: 68
Issue: 2
Pages: 585-603

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a characterization of an aggregate measure of growth that takes into account the initial economic conditions of individuals. Our measure is a weighted average of individuals’ income growth with weights that are decreasing with the rank of the individual in the initial income distribution. We apply our theoretical framework to evaluate the growth processes experienced by the Italian population. Even when we correct for the differences in mean income growth, and focus on the distribution of growth only, the 2008-2010 growth process was the worst of the last decade.

Technical Details

RePEc Handle
repec:oup:oxecpp:v:68:y:2016:i:2:p:585-603.
Journal Field
General
Author Count
2
Added to Database
2026-01-28