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
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Small-scale Fishermen and Risk Preferences
Håkan Eggert,Razack Lokina +1 more
TL;DR: In this article, the authors investigate the risk preferences of artisanal fishermen in Tanzania waters of Lake Victoria using an experimental approach and find that about 34% of the fishermen can be considered as risk neutral, 32% as risk averse, and 34% as a risk seekers.
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Fairness, self-interest, and the politics of the progressive income tax
James M. Snyder,Gerald H. Kramer +1 more
TL;DR: The authors examine the nature of individual and collective preferences over alternative tax schedules, in the context of a simple two-sector model, and show that with a purely sociotropic electorate there exists a flat-rate schedule which is a majority equilibrium, and with self-interested voters who seek to minimize their own tax burdens, greater marginal-rate progression may well be preferred by middle-and upper-income voters.
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International inequality in CO2 emissions: A new factorial decomposition based on Kaya factors
TL;DR: In this paper, the authors analyzed the determinants of inequality in the global distribution of CO2 emissions across the regions considered by the International Energy Agency during the period 1990-2010.
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Can a poverty-reducing and progressive tax and transfer system hurt the poor?
TL;DR: The authors show that a substantial proportion of the poor are made poorer (or non-poor made poor) by the tax and transfer system and derive a measure of the extent of such impoverishment.
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Timing, fragmentation of work and income inequality: An earnings treatment effects approach
TL;DR: In this article, the authors focus on the daily timing of work and its fragmentation, and their resulting income distribution, and use a treatment effects type interdependent estimation of endogenous participation in a daily working hour pattern (selfselection) and pattern specific earnings function explanation.
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.
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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.
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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.