Journal ArticleDOI
On the Measurement of Inequality
Reads0
Chats0
TLDR
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
More filters
Journal ArticleDOI
Inequality measures and equitable locations
TL;DR: General conditions for inequality measures sufficient to provide such an equitable consistency are introduced and verified thus showing how they can be used in location models not leading to inferior distributions of distances.
Journal ArticleDOI
Evaluating transfer programmes within a general equilibrium framework
David Coady,Rebecca Lee Harris +1 more
TL;DR: In this paper, the authors developed a general equilibrium model for evaluating domestically financed transfer programs and derived analytical expressions which provide a framework for combining results from a computable general equilibria model with disaggregated household data.
Journal ArticleDOI
Unequal uncertainties and uncertain inequalities: an axiomatic approach
Thibault Gajdos,Eric Maurin +1 more
TL;DR: In this paper, the authors provide an axiomatic characterization of social welfare functions for uncertain incomes and show that any social welfare function that satisfies these axioms should lie strictly between the ex ante and the ex post evaluations of income distributions.
Journal Article
Economic Methodology: Heterogeneity and Relevance
TL;DR: In this paper, a broad-based critique of contemporary economic methodology starting from the recognition of the deep-seated heterogeneity of the subject matter of economics is proposed, arguing that some reproaches are based on an inadequate recognition of diversity of motivations and concerns underlying different types of economic theory.
Journal ArticleDOI
Inequality aversion and the natural rate of subjective inequality
TL;DR: The authors analyzes inequality aversion across countries and identifies factors which explain the empirical heterogeneity observed across these countries, finding important effects of female empowerment, public education expenditures, per capita income, economic growth, and population size.
References
More filters
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.