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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Journal ArticleDOI
On the power of poverty orderings
TL;DR: In this article, the authors investigated the possibility of increasing the ordering power of additively separable poverty measures beyond the condition of second-degree stochastic dominance by considering third-degree dominance.
Journal ArticleDOI
Absolute and Relative Deprivation and the Measurement of Poverty
TL;DR: The authors developed the link between poverty and inequality by focussing on a class of poverty indices (some of them well-known) which aggregate normative concerns for absolute and relative deprivation.
Book ChapterDOI
Multidimensional Poverty and Inequality
Rolf Aaberge,Andrea Brandolini +1 more
TL;DR: In this paper, the authors examine different approaches to the measurement of multidimensional inequality and poverty and highlight areas for future research and offer some guidance on how to use multi-dimensional methods in empirical and policy-oriented applications.
Journal ArticleDOI
Bio-Ecological Diversity vs. Socio-Economic Diversity: A Comparison of Existing Measures
TL;DR: In economics, diversity measures are multi-faceted ranging from inequality (Lorenz curve, Gini coefficient, quintile distribution), to polarisation (Esteban and Ray, 1994; Wolfon, 1994, D’Ambrosio (2001)) and heterogeneity (Alesina, Baqir and Hoxby, 2000) as mentioned in this paper.
Journal ArticleDOI
Growth, inequality, and welfare: comparisons across space and time
Carola Gruen,Stephan Klasen +1 more
TL;DR: In this paper, the authors use several well-being measures that combine average income with a measure of inequality to undertake international, intertemporal, and global comparisons of wellbeing, finding that these measures drastically change our impression of levels of well being of countries.
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.