01999cas a2200265 a 4500 AALejournalIMF017971 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484322000 1018-5941 BD-DhAAL BD-DhAAL Gaspar, Vitor. Lessons from the Old Masters on Assessing Equity and Efficiency : A Primer for Fiscal Policymakers / Vitor Gaspar, Paolo Mauro, Tigran Poghosyan. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students How can a society's well-being be measured to include not only average incomes but also their distribution? How can the effects of policies be assessed by considering both equity and efficiency? This primer outlines the seminal contributions of influential economists of the past, including Arthur Okun, who developed a simple method to elicit people's preferences regarding redistribution, and Anthony Atkinson, who showed how equity and efficiency can be measured simultaneously and summarized in a single, intuitive index expressed in monetary units (such as dollars). These methods are applied to recent data to gauge how countries fare when both mean incomes and their distribution are considered together, and to a hypothetical tax-and-transfer scheme assessed through a general equilibrium model for household-level data. Mode of access: Internet Mauro, Paolo. Poghosyan, Tigran. IMF Working Papers; Working Paper ; No. 2017/214 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/214/001.2017.issue-214-en.xml IMF e-Library