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Assessing Aggregate Welfare: Growth and Inequality in Argentina

Author

Listed:
  • Leonardo Gasparini
  • Walter Sosa Escudero
Abstract
This paper has two main goals. The first is to complement the Argentine mean income series with inequality estimates in order to obtain aggregate welfare series. Average income figures are estimated from National Accounts while income inequality indices are calculated from the Permanent Household Survey (EPH). Household income from the survey is adjusted for nonresponse, underreporting and demographics. The second objective of the article is to check the statistical significance of changes in inequality and welfare measures. Bootstrapping techniques are used to that aim. One of the main conclusions is that while welfare assessments coincide among different value judgments in some periods (e.g. 1991-1994), they widely vary in some others, particularly in the last four years (1994-1998), where the economy experienced moderate growth and large increases in inequality. It is argued that the period 1994-1998 provides an unprecedented laboratory for distinguishing the social preferences of different analysts according to their evaluation of the performance of the Argentine economy.

Suggested Citation

  • Leonardo Gasparini & Walter Sosa Escudero, 2000. "Assessing Aggregate Welfare: Growth and Inequality in Argentina," Department of Economics, Working Papers 021, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    • Handle: RePEc:lap:wpaper:021
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    References listed on IDEAS

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    Cited by:

    1. Vanesa Valeria D'Elia, 2013. "Changes in pension inequality: A decomposition analysis of Argentina, 1995-2009," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 50(1), pages 48-81, May.
    2. Duro Moreno, Juan Antonio & Teixidó Figueras, Jordi, 2013. "International Equity on Greenhouse Gas Emissions and World Levels: an integrated analysis through distributive welfare indices," Working Papers 2072/220758, Universitat Rovira i Virgili, Department of Economics.
    3. Bruno Linetzky & Fernando Maio & Daniel Ferrante & Jonatan Konfino & Carlos Boissonnet, 2013. "Sex-stratified socio-economic gradients in physical inactivity, obesity, and diabetes: evidence of short-term changes in Argentina," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 58(2), pages 277-284, April.
    4. Leonardo Gasparini, 2005. "Income Inequality in Latin America and the Caribbean: Evidence from Household Surveys," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0(1-2), pages 29-57, January-D.
    5. D Elia, Vanesa, 2015. "Programas sociales en Argentina y bienestar: Impacto de la moratoria previsional y de la AUH [Social Programs in Argentina and Welfare: The impact of pension moratorium and the AUH]," MPRA Paper 63980, University Library of Munich, Germany.
    6. Ugo Panizza & Mónica Yañez, 2005. "Why are Latin Americans so unhappy about reforms?," Journal of Applied Economics, Universidad del CEMA, vol. 8, pages 1-29, May.
    7. Adolfo Rubinstein & Laura Gutierrez & Andrea Beratarrechea & Vilma E Irazola, 2014. "Increased Prevalence of Diabetes in Argentina Is Due to Easier Health Care Access Rather than to an Actual Increase in Prevalence," PLOS ONE, Public Library of Science, vol. 9(4), pages 1-5, April.
    8. Paula Giovagnoli & Georgina Pizzolitto & Julieta Trías, 2005. "Monitoring the Socio-Economic Conditions in Chile," CEDLAS, Working Papers 0019, CEDLAS, Universidad Nacional de La Plata.
    9. Ricardo Bebczuk & Leonardo Gasparini, 2001. "Globalisation and Inequality. The Case of Argentina," Department of Economics, Working Papers 032, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    10. Juan M. Sánchez, 2003. "Universitary Financing and Welfare: A Dynamic Analysis with Heterogeneous Agents and Overlapping Generations," Department of Economics, Working Papers 047, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    11. John Michael, Riveros-Gavilanes, 2020. "Estimating the Social Welfare Function of Amartya Sen for Latin America," MPRA Paper 111268, University Library of Munich, Germany, revised 08 Feb 2021.
    12. World Bank, 2001. "Household Risk, Self-Insurance and Coping Strategies in Urban Argentina," World Bank Publications - Reports 15467, The World Bank Group.
    13. Mariana Conte Grand & Carolina Coloma Conte-Grand, 2020. "Una nota sobre la evolución del bienestar en la Argentina desde la década de 1990 al presente," CEMA Working Papers: Serie Documentos de Trabajo. 733, Universidad del CEMA.
    14. Fields, Gary S. & Sánchez Puerta, María Laura, 2010. "Earnings Mobility in Times of Growth and Decline: Argentina from 1996 to 2003," World Development, Elsevier, vol. 38(6), pages 870-880, June.
    15. Monserrat Bustelo, 2004. "Caracterización de los Cambios en la Desigualdad y la Pobreza en Argentina Haciendo Uso de Técnicas de Descomposiciones Microeconometricas (1992-2001)," CEDLAS, Working Papers 0013, CEDLAS, Universidad Nacional de La Plata.
    16. Hernán Winkler, 2005. "Monitoring the Socio-Economic Conditions in Uruguay," CEDLAS, Working Papers 0026, CEDLAS, Universidad Nacional de La Plata.
    17. Thomas Otter, 2009. "Characterization of inequality changes through microeconometric decomposition - Paraguay 1992-2005," Ibero America Institute for Econ. Research (IAI) Discussion Papers 189, Ibero-America Institute for Economic Research.

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    More about this item

    Keywords

    Income distribution; inequality; welfare; Latin America; Argentina;
    All these keywords.

    JEL classification:

    • D3 - Microeconomics - - Distribution
    • D6 - Microeconomics - - Welfare Economics
    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics

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