economics hw

econ4232018homework1.docx

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Econ 423-523 2018 Homework 1

Deadline: Monday Nov. 5, 5 pm

Visit the OECD income distribution and poverty database at http://stats.oecd.org/Index.aspx?DataSetCode=IDD

There you will see data on Gini coefficients for market income (before taxes and transfers) and disposable income (post taxes and transfers). There is more data for “Income definition until 2011” so you may prefer to use that.

Pick three countries for which data exists for the period 2007-2015. Choose age group “total population”. It is ok if some years are missing. Also for some countries data for most recent years may not exist, that is ok too.

Write a short essay and answer the following questions. Use graphs or tables to support your arguments. Make sure you clearly label the graphs.

1) Which countries have lower income inequality with respect to market income?

2) Given the data how would you measure the “effectiveness of transfers and taxes in reducing inequality”

3) How do the countries rank with respect to effectiveness of transfers and taxes in reducing inequality?

4) Do you see any noticeable change in the effectiveness of policy in reducing inequality after the crisis of 2008-2009 compared to the earlier period?

Please submit your answers to sucourse as word documents.