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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An empirical examination of the relationship between income inequality and corruption in Africa
TL;DR: In this paper, a U-shaped relationship between income inequality and corruption was found for low-income and lower-middle-income African countries with turning point income inequality levels ranging from 22 to 52.
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Police Sector Design Incorporating Preferences of Interest Groups for Equality and Efficiency
TL;DR: This paper proposes and illustrates by example a decision model for a resource allocation problem in urban management---the design of service areas for police mobile units, using multiattribute utility theory.
Posted ContentDOI
Conceptual Challenges in Poverty and Inequality: One Development Economist's Perspective *
TL;DR: The last thirty years in the analysis of inequality and poverty, especially in developing countries, has seen two phases -a phase of conceptual advancement, followed by a phase of application and policy debate.
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Reinvigorating relative deprivation: A new measure for a classic concept
TL;DR: In this article, a measure of inequality based on the concept of relative deprivation is proposed, which refers to the frustration that is associated with a person's relative position in a reference group.
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The concept and measurement of horizontal inequity
TL;DR: In this paper, the authors discuss the concept of horizontal equity and present three formal principles as a basis for making comparisons of the extent of horizontal inequity produced by different redistributions.
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.