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
Wage Dispersion and Unionism: Do Unions Protect Low Pay?
TL;DR: In this article, the authors explored union effects on wage dispersion in the context of the Italian labour market and found that Italian trade unions have pursued "egalitarian" objectives and succeeded in shaping pay policies which, through central and local negotiations, raise low wages and reduce wage differentials both among skill categories and across establishments.
Book ChapterDOI
Horizontal Inequity Measurement: A Basic Reassessment
TL;DR: In this paper, the authors consider the formal characterization and measurement of horizontal equity (HE) and highlight implicit assumptions in the extant literature, and suggest directions for future development, as well as provide a discussion of the fundamentals of HE measurement.
Journal ArticleDOI
The poverty effects of a 'fat-tax' in Ireland
TL;DR: Using Irish expenditure data, the results indicate that taxes on high fat/sugar goods on their own will be regressive but that a tax-subsidy combination can be broadly neutral with respect to poverty.
Journal ArticleDOI
On applying synthetic indices of multidimensional well-being: Health and income inequalities in selected EU countries
TL;DR: The authors examined empirical strategies to measure poverty and inequality in multiple domains, concentrating on two problems in the use of synthetic multidimensional indices: the weighting structure of different functionings and the functional form of the index.
Journal ArticleDOI
Income inequality and the labour market in Britain and the US
TL;DR: The authors examined the interaction between labour market earnings in the family, assortative mating, the tax and welfare-benefit system and household income inequality and found that increases in the generosity of the welfare system in Britain played a key role in equalizing net income growth across the wage distribution.
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.