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
Benefit–cost analysis of non-marginal climate and energy projects
Simon Dietz,Cameron Hepburn +1 more
TL;DR: In this paper, the authors examine the conditions under which evaluation of a non-marginal project using marginal methods may be wrong, and in their empirical examples they show that both qualitative and large quantitative errors are plausible.
Journal ArticleDOI
Generalized Gini Indices of Equality of Opportunity
TL;DR: In this paper, the authors considered the ranking of profiles of opportunity sets on the basis of their equality and introduced a version of the Pigou-Dalton transfer principle that is appropriate for the measurement of opportunity inequality.
Journal ArticleDOI
The social welfare function and individual responsibility: some theoretical issues and empirical evidence.
Paul Dolan,Aki Tsuchiya +1 more
TL;DR: This paper introduces individual responsibility into the SWF, and results from a small-scale study of people's preferences in relation to the distribution of health benefits are presented to illustrate how the parameter values of a SWF might be determined.
Posted Content
Measuring Future Grandparents' Preferences for Equality and Relative Standing
TL;DR: In this article, the authors measured individuals' aversion to risk and inequality, and their concern for relative standing, through experimental choices between hypothetical societies and found that, on average, individuals are both fairly inequality-averse and have a strong concern for their relative income.
Book ChapterDOI
Inequality Decomposition by Population Subgroups and the Analysis of Interdistributional Inequality
Joseph Deutsch,Jacques Silber +1 more
TL;DR: In empirical studies of the size distribution of incomes, a question is often encountered which concerns the extent to which inequality in the total population is a consequence of income differences between population subgroups classified by characteristics such as age, gender, race, educational level or area of residence as mentioned in this paper.
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.