Aoki, Shuhei (2008): Aggregate Productivity Loss and the Theil Index of Inequality.
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This paper suggests that the difference in the Theil indices of inequality between two economies approximately measures the relative loss of aggregate productivity caused by distortions in labor allocation. Moreover, the Theil index itself can be interpreted approximately as the possible maximum loss of aggregate productivity caused by these distortions.
|Item Type:||MPRA Paper|
|Original Title:||Aggregate Productivity Loss and the Theil Index of Inequality|
|Keywords:||inequality; marginal productivity theory; misallocation; productivity; Theil index|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E25 - Aggregate Factor Income Distribution
D - Microeconomics > D3 - Distribution > D33 - Factor Income Distribution
D - Microeconomics > D6 - Welfare Economics > D61 - Allocative Efficiency; Cost-Benefit Analysis
D - Microeconomics > D2 - Production and Organizations > D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
|Depositing User:||Shuhei Aoki|
|Date Deposited:||01. Mar 2008 14:55|
|Last Modified:||12. Feb 2013 00:42|
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