Journal ArticleDOI
On the Measurement of Inequality
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In this paper, the problem of comparing two frequency distributions f(u) of an attribute y which for convenience I shall refer to as income is defined as a risk in the theory of decision-making under uncertainty.About:
This article is published in Journal of Economic Theory.The article was published on 1970-09-01. It has received 5002 citations till now. The article focuses on the topics: Income inequality metrics & Income distribution.read more
Citations
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Complexity effects in choice experiment-based models
TL;DR: In this paper, a complexity-adjusted mixed logit (CAM logit) model is introduced to capture the various influences of complexity in choice experiment-based models. But the CAM logit model does not consider individual differences in decision time.
Journal ArticleDOI
Distributional Effects of Public Education in an Economy with Public Pensions
Gerhard Glomm,Michael Kaganovich +1 more
TL;DR: In this article, the allocation of government expenditures between two major outlays (education and pay-as-you-go social security) is studied, and the effect of an increase in public funding for education on the human capital distribution is investigated.
Book ChapterDOI
Statistical Methods for Distributional Analysis
Frank Cowell,Emmanuel Flachaire +1 more
TL;DR: In this article, the authors discuss the techniques, formal and informal, that are commonly used to give quantitative answers in the field of distributional analysis, covering subjects including inequality, poverty and the modelling of income distributions.
Journal ArticleDOI
Quantifying the Efficiency and Equity Implications of Power Plant Air Pollution Control Strategies in the United States
TL;DR: This analysis demonstrates an approach for formally quantifying both the magnitude and spatial distribution of health benefits of pollution control strategies, allowing for joint consideration of efficiency and equity.
Journal ArticleDOI
Statistical inference with generalized gini indices of inequality, poverty, and welfare
TL;DR: In this article, the empirical indices are shown to be asymptotically normally distributed using functional limit theory, and the variance expressions are obtained using influence functions using first-order variance expressions.
References
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Journal ArticleDOI
Risk Aversion in the Small and in the Large
TL;DR: In this article, a measure of risk aversion in the small, the risk premium or insurance premium for an arbitrary risk, and a natural concept of decreasing risk aversion are discussed and related to one another.
Journal ArticleDOI
Aspects of the theory of risk-bearing
Journal ArticleDOI
The Measurement of the Inequality of Incomes
TL;DR: JSTOR as discussed by the authors is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship, which is used to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources.
Journal ArticleDOI
The Efficiency Analysis of Choices Involving Risk
Giora Hanoch,Haim Levy +1 more
TL;DR: In this paper, an analysis of the first step of the decision-making process of an individual decision maker among alternative risky ventures is presented, in terms of a single dimension such as money, both for the utility functions and for the probability distributions.