Journal ArticleDOI
On the Measurement of Inequality
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
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The measurement of inequality of opportunity: theory and an application to latin america
TL;DR: In this article, a simple scalar measure of inequality of opportunity and applying it to six Latin American countries is presented, which captures betweengroup inequality when groups are defined exclusively on the basis of predetermined circumstances.
Journal ArticleDOI
The meaning and measurement of size hierarchies in plant populations
Jacob Weiner,Otto T. Solbrig +1 more
TL;DR: It is suggested that size hierarchy is equivalent to size inequality and methods developed by economists to evaluate inequalities in wealth and income, the Lorenz curve and Gini Coefficient, provide a useful quantification of inequality and allow us to compare populations.
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The marginal utility of income
TL;DR: In this article, the authors estimate the elasticity of marginal utility with respect to income using four large cross-sectional surveys of subjective happiness and two panel surveys over 50 countries and time periods between 1972 and 2005.
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The relationship of income inequality to mortality : Does the choice of indicator matter?
Ichiro Kawachi,Bruce P. Kennedy +1 more
TL;DR: Testing the relationships of six different income inequality indicators to total mortality rates in the 50 U.S. states found that adjustment for taxes and transfers, as well as household size, made no difference to the income inequality/mortality association.
Journal ArticleDOI
A Decomposition Analysis of the Trend in UK Income Inequality
TL;DR: In this article, the authors proposed a shift-share analysis to compare the effect of demographic and social changes on the distribution of income in the UK over a period of one year.
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.
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.