Distribution And Redistribution Of Income

This synthesis of the strands of distributional analysis used in social policy, welfare theory and public finance uses basic constructions from calculus, probability and the economics of consumer behaviour in a mathematical treatment of the distribution and redistribution of income. Provides an up-to-date synthesis of the many strands of distributional analysis used in the fields of social policy, welfare theory and public finance. Develops a consistent mathematical approach into a self-contained and unified treatment of the distribution and redistribution of income. Thoroughly updated edition of a well adopted textbook. Substantially enhanced by the inclusion of two new chapters on Poverty and Horizontal Inequity (unfairness in income taxes) - issues of popular interest in which there has been a great deal of recent theoretical research. A reference and resource work spanning several areas of economics not drawn together elsewhere. Provides an up-to-date synthesis of the many strands of distributional analysis used in the fields of social policy, welfare theory and public finance. Develops a consistent mathematical approach into a self-contained and unified treatment of the distribution and redistribution of income. Thoroughly updated edition of a well adopted textbook. Substantially enhanced by the inclusion of two new chapters on Poverty and Horizontal Inequity (unfairness in income taxes) - issues of popular interest in which there has been a great deal of recent theoretical research. A reference and resource work spanning several areas of economics not drawn together elsewhere.

The 1990s have brought renewed interest in distributional issues. How may we compare income distributions? How far can and should governments go in redistributing income? What constitutes an improvement in income tax? This book provides a synthesis of the many strands of distributional analysis used in the fields of social policy analysis, welfare theory and public finance, by means of a consistent mathematical approach using only basic constructions from calculus, probability and the economics of consumer behaviour. For this second edition material has been added to all chapters and additional citations and results are now included. This text is intended for students and teachers of public economics and social policy; and research economists.