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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The Principal Problem in Political Economy: Income Distribution in the History of Economic Thought
Agnar Sandmo,Agnar Sandmo +1 more
TL;DR: The history of theories of income distribution, from the time of Adam Smith until the 1970s, is considered in this paper, with a focus on the markets for consumer goods and the role of marginal utility in price determination.
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Is Income Inequality Harmful for Regional Growth? Evidence from the European Union
Abstract: This article examines the relationship between income inequality and economic growth in the regions of several European Union countries over the period 1993—2002, using the information provided by the European Community Household Panel. Taking into consideration the relevance of spatial effects in this context, different versions of a spatial econometric model are estimated. The results indicate that the degree of income dispersion is negatively associated with regional growth. This finding is in fact robust to various alternative specifications including a number of additional explanatory variables, such as initial per capita GDP, the sectoral composition of economic activity, human capital stock, population density and market potential. Furthermore, the observed negative correlation between income inequality and economic performance does not depend on the specific measure used to quantify the degree of income dispersion.
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Fuzzy-Logic-Based Energy Optimized Routing for Wireless Sensor Networks
TL;DR: Fuzzy-logic-based energy optimized routing algorithm is proposed to achieve multiparameter, fuzzy routing decision and has achieved energy efficiency and energy balance together, compared with similar algorithms.
Why Unions Still Matter: The Eects of Unionization on the Distribution of Employee Earnings
TL;DR: In this paper, the causal effect of unionization on the distribution of employee earnings using a regression discontinuity design that links administrative records on individual earnings to union certication election results is estimated.
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Income inequality and economic development
TL;DR: Although good theoretical reasons exist for expecting development to be inegalitarian in its early phase, a reverse-U pattern of change in measured inequality might just as easily derive from a statistical composition effect as mentioned in this paper.
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.