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Sastry's 10-year study of New Orleans Katrina evacuees shows demographic differences between returning and nonreturning

Stafford says less educated, smaller investors more likely to sell off stock and lock in losses during market downturn

Chen says job fit, job happiness can be achieved over time

Highlights

Deirdre Bloome wins ASA award for work on racial inequality and intergenerational transmission

Bob Willis awarded 2015 Jacob Mincer Award for Lifetime Contributions to the Field of Labor Economics

David Lam is new director of Institute for Social Research

Elizabeth Bruch wins Robert Merton Prize for paper in analytic sociology

Next Brown Bag

Monday, Oct 12
Joe Grengs, Policy & Planning for Social Equity in Transportation

David Lam photo

Lorenz Curves, Inequality, and Social Welfare under Changing Population Composition

Publication Abstract

Lam, David. 1988. "Lorenz Curves, Inequality, and Social Welfare under Changing Population Composition." Journal of Policy Modeling, 10(1): 141-62.

This paper analyzes the effects of population growth and other demographic changes on the distribution of income by examining Lorenz curves and generalized Lorenz curves produced from combinations of income distributions. The paper shows that when subpopulations have equal means, a number of simple conditions govern the position of the Lorenz curve for the combined population relative to the Lorenz curves for the subpopulations. These conditions become less regular when the subpopulations have different means, and suggest that a combined distribution will almost never Lorenz-dominate an original distribution. Implications of the results for intertemporal comparisons of social welfare and inequality are discussed. The results are illustrated by comparing income distributions across generations in Brazil.

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