Measuring Health Inequality in US: A Composite Index Approach

Social Indicators Research - In this paper, we use the standardized mortality rates for 21 mutual exclusive causes of death to propose a composite index of US county-level health performances in...     

The asymmetric impact of the pandemic crisis on interest rates on public debt in the Eurozone

The outbreak of Covid-19 has played the role of a ‘game changer’ in the way countries of the Eurozone have faced the economic consequences of the pandemic crisis. This paper investigates what has happened to the interest rates of the sovereign bond in selected countries of the Eurozone during 2020. While the pandemic crisis can be interpreted as a symmetric shock, we found some important asymmetric consequences both in the sovereign bond market and the credit default swap market. Even though the European Central Bank (ECB) has played a fundamental role in easening tensions, especially with the announce of the Pandemic Emergency Purchase Programme (PEPP), countries with a higher pre-Covid level of the debt-to-GDP ratio have been found to undergo a significant jump in interest rates and a greater perceived risks of default. Important policies implications emerge in relation to the future role of the ECB.     

Regional Well-Being and its Inequality in the OECD Member Countries

This paper analyses the inequality between the regions of the Organization for Economic Co-operation and Development (OECD) member countries by using stochastic multi-objective acceptability analysis and the associated multivariate Gini index. By considering a large number of possible combinations of weights, the distribution of the potential rankings for each region is used to measure multidimensional inequality both within and between countries. Our results show that beyond the expected two clubs of rich and poor countries, a third group of countries emerges that belongs neither to the top nor to the bottom of the ranking, an outcome that can be attributed to the presence of significant economic differences among regions within those countries. Most of the inequality lies between countries, but regional well-being also significantly varies within the same countries and we find an inverse U-shape connection between regional well-being and its inequality within the OECD member countries.