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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Education, Economic Growth and Measured Income Inequality
TL;DR: In this article, the authors show that more education does not necessarily decrease inequality when the latter is assessed by the Lorenz dominance criterion, and that increases in education first increase and then decrease growth as well as income inequality, when measured by the Gini coefficient.
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Measuring Economic Insecurity
TL;DR: In this article, the authors provide a systematic treatment of the notion of economic insecurity, assuming that an individual's sentiment of insecurity depends on the current wealth level and its variations experienced in the past.
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A cross‐country study of equivalence scales and expenditure inequality on unit record household budget data
TL;DR: In this paper, the equivalence scale is used to account for differences in household size and composition and the multiplicity of equivalence scales makes the sensitivity of the inequality calculations to the scale used a significant policy issue.
Discussion Papers in Economic and Social History
TL;DR: The authors assesses the role of overseers' vested interests in shaping local poor relief provision under the Old Poor Law and suggests that a desire to preserve this type of relief, frowned upon by the 1834 Report, may be a contributory factor in the Board of Guardian's later resistance to the Poor Law Amendment Act.
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Intra-generational equity and sustainable welfare: a time series analysis for the UK and Sweden
Susanna Stymne,Tim Jackson +1 more
TL;DR: In this article, the authors discuss the importance of intra-generational equity to sustainable development and present several possible ways of incorporating the impact of distributional effects into measures of welfare in the economy.
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
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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.